#Nifty

For 24-04-2019

Support for Nifty comes at 11550-11480-11413
Resistance for Nifty comes at 11630-11665-11700

BankNifty

Support for BankNifty comes at 29350-29150-29000
Resistance for BankNifty comes at 29700-29800-30000


Nifty is doing as per my theory of re-testing 11550 and today

it went to 11564. Tomorrow Nifty can test 11550 and even go

towards 11500-11480, if it happens then a punt can be taken

and 11500 ce of May can be bought. Stop loss for that trade is

11450. On higher side 11700 will not be crossed in this

expiry, so any move to 11660-11690 can be sold with stop loss

of 11710.




BankNifty today break the support zone of 29600. Technical

targets of that break down is 28600. In between that 29350-

29150 will act as support. In this expiry not expecting move

below 29150.

These are my views and i can be wrong ,so take trade as per

your risk apetite.




Disclosure: I do not hold any position in Nifty or BankNifty

Futures.