#Nifty
For 30-04-2020
Support for Nifty comes at 9470-9412-9332
Resistance for Nifty comes at 9600-9684-9770
BankNifty
Support for BankNifty comes at 20900-2080-20600-20300
Resistance for BankNifty comes at 21348-21500-21800-22000
Nifty above 9400 targets were 9500 and 9700 and we got 9600.
Tomorrow bulls can take a break and today's high of 9600 should act as barrier. As I believe most of short covering happened today.
For tomorrow if 9600 holds till 2 pm then only last hour you can see more short covering to 9700. Else I am expecting a flat or slight down day to 9500-9450.
Tomorrow no buying is advisable and selling should be done only below 9380.
BankNifty without breaking stop loss of 20200 met the target of 21000 and even surpassed it by a good margin.
For tomorrow BankNifty intraday stop loss is 20900 and for positional trade stop loss is 20500-20200 as per your risk appetite.
Fresh buying again not advisable till it clears 21500 convingcly.
For 30-04-2020
Support for Nifty comes at 9470-9412-9332
Resistance for Nifty comes at 9600-9684-9770
BankNifty
Support for BankNifty comes at 20900-2080-20600-20300
Resistance for BankNifty comes at 21348-21500-21800-22000
Nifty above 9400 targets were 9500 and 9700 and we got 9600.
Tomorrow bulls can take a break and today's high of 9600 should act as barrier. As I believe most of short covering happened today.
For tomorrow if 9600 holds till 2 pm then only last hour you can see more short covering to 9700. Else I am expecting a flat or slight down day to 9500-9450.
Tomorrow no buying is advisable and selling should be done only below 9380.
BankNifty without breaking stop loss of 20200 met the target of 21000 and even surpassed it by a good margin.
For tomorrow BankNifty intraday stop loss is 20900 and for positional trade stop loss is 20500-20200 as per your risk appetite.
Fresh buying again not advisable till it clears 21500 convingcly.
Comments
Post a Comment