#Nifty
For 30-04-2019
Support for Nifty comes at 11718-11678-11624
Resistance for Nifty comes at 11856-11924-11960
BankNifty
Support for BankNifty comes at 29931-29798-29728
Resistance for BankNifty comes at 30198-30405-30669
Nifty as said will remain in the range of 11550-11850 for few days. In this week Nifty may give another move to 11550 but will not break it. If Nifty comes to 11550 then it can be bought with stop loss of 11450. I am expecting a break above 11856 probably in the next 2 weeks and before 23 May it can test 11960 or even 12000+.
BankNifty manages to close above 30000 and tomorrow it may open above 30050, and that will open the targets of 30198-30400.
Disclosure: I do not have any position in Nifty and BankNifty Futures.
For 30-04-2019
Support for Nifty comes at 11718-11678-11624
Resistance for Nifty comes at 11856-11924-11960
BankNifty
Support for BankNifty comes at 29931-29798-29728
Resistance for BankNifty comes at 30198-30405-30669
Nifty as said will remain in the range of 11550-11850 for few days. In this week Nifty may give another move to 11550 but will not break it. If Nifty comes to 11550 then it can be bought with stop loss of 11450. I am expecting a break above 11856 probably in the next 2 weeks and before 23 May it can test 11960 or even 12000+.
BankNifty manages to close above 30000 and tomorrow it may open above 30050, and that will open the targets of 30198-30400.
Disclosure: I do not have any position in Nifty and BankNifty Futures.
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