#Nifty
For 15-05-2020
Support for Nifty comes at 9079-8970-8900
Resistance for Nifty comes at 9185-9250-9300-9345
BankNifty
Support for BankNifty comes at 18981-18800-18500
Resistance for BankNifty comes at 19252-19427-19573
Nifty was sell below 9280, it opened at 9215 went to 9177 but then moved to 9281 to give us a chance to sell and from there a slow grinding move to 9119 we got. Our targets were 9177-9050 so not bad enough.
Nifty closed first time below 9200 in this month despite of so called economic packages. And this is not a good news for bulls.
For tomorrow all rallies to 9200-9250 if comes can be sold with stop loss of 9300 for targets of 9080.
9080-9000 is the last hope for bulls for any last bounce, which off course would be used for sell.
Below 9000 which might happen on Monday after all announcements by Madam FM Nifty will start its lower journey to 8500-8200-8000.
BankNifty was sell below 19400 and it gave a chance to sell at 19380 and then moved very near to my second target of 18980 by making a low of 19024.
For tomorrow all rallies to 19200-19400 can be used for sell with a SL of 19600 for target of 19000-18900.
18800 is last hope for bulls below it will also starts its lower journey.
For 15-05-2020
Support for Nifty comes at 9079-8970-8900
Resistance for Nifty comes at 9185-9250-9300-9345
BankNifty
Support for BankNifty comes at 18981-18800-18500
Resistance for BankNifty comes at 19252-19427-19573
Nifty was sell below 9280, it opened at 9215 went to 9177 but then moved to 9281 to give us a chance to sell and from there a slow grinding move to 9119 we got. Our targets were 9177-9050 so not bad enough.
Nifty closed first time below 9200 in this month despite of so called economic packages. And this is not a good news for bulls.
For tomorrow all rallies to 9200-9250 if comes can be sold with stop loss of 9300 for targets of 9080.
9080-9000 is the last hope for bulls for any last bounce, which off course would be used for sell.
Below 9000 which might happen on Monday after all announcements by Madam FM Nifty will start its lower journey to 8500-8200-8000.
BankNifty was sell below 19400 and it gave a chance to sell at 19380 and then moved very near to my second target of 18980 by making a low of 19024.
For tomorrow all rallies to 19200-19400 can be used for sell with a SL of 19600 for target of 19000-18900.
18800 is last hope for bulls below it will also starts its lower journey.
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