#Nifty
For 03-05-2019
Support for Nifty comes at 11680-11655-11607
Resistance for Nifty comes at 11746-11790-11856
BankNifty
Support for BankNifty comes at 29630-29550-29450
Resistance for BankNifty comes at 29768-29913-30000
Nifty is continuoulsy making higher lows from last 6 days and today it also made a higher high. So clear signs of strength.
Nifty is still holding the range. Today entire day struggled to cross 11760 and falled in last hour due to expiry pressure. On wave wise a move to 11550 is pending but if Nifty able to maintain 11650 that move may not come. So as long as 11650 holding all dips are buy for my eventual targets of 11960-12150.
BankNifty another attempt to cross 30000 failed despite HDFC bank stellar performance.
Disclosure: I do not hold any position in Nifty and BankNifty Futures.
For 03-05-2019
Support for Nifty comes at 11680-11655-11607
Resistance for Nifty comes at 11746-11790-11856
BankNifty
Support for BankNifty comes at 29630-29550-29450
Resistance for BankNifty comes at 29768-29913-30000
Nifty is continuoulsy making higher lows from last 6 days and today it also made a higher high. So clear signs of strength.
Nifty is still holding the range. Today entire day struggled to cross 11760 and falled in last hour due to expiry pressure. On wave wise a move to 11550 is pending but if Nifty able to maintain 11650 that move may not come. So as long as 11650 holding all dips are buy for my eventual targets of 11960-12150.
BankNifty another attempt to cross 30000 failed despite HDFC bank stellar performance.
Disclosure: I do not hold any position in Nifty and BankNifty Futures.
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