#Nifty
For 04-05-2020
Support for Nifty comes at 9625-9400-9250
Resistance for Nifty comes at 9731-9889
BankNifty
Support for BankNifty comes at 21100-20880-20500-20000
Resistance for BankNifty comes at 21967
Nifty I was not expecting beyond 9700. But markets has its own dynamics which can always prove you wrong.
For Monday again I will not look to buy. SGX suggesting we may open at 9300-9200. I think it may recover a bit and may open around 9500.
9500 is first support. Below which 9350 and 9200 are major support zones. For Monday I am not expecting below 9200. If 9200 breaks then it will be a different game.
Below 9200 retest of 8500-8000 is possible.
BankNifty for Thursday final resistance was 22000 and high was 21967.
For Monday first support is 21100 and we might open around 20700. Below 20700 it might slip to 20300-20000.
Below 20000 next target BankNifty opens up for 19000-18000.
For 04-05-2020
Support for Nifty comes at 9625-9400-9250
Resistance for Nifty comes at 9731-9889
BankNifty
Support for BankNifty comes at 21100-20880-20500-20000
Resistance for BankNifty comes at 21967
Nifty I was not expecting beyond 9700. But markets has its own dynamics which can always prove you wrong.
For Monday again I will not look to buy. SGX suggesting we may open at 9300-9200. I think it may recover a bit and may open around 9500.
9500 is first support. Below which 9350 and 9200 are major support zones. For Monday I am not expecting below 9200. If 9200 breaks then it will be a different game.
Below 9200 retest of 8500-8000 is possible.
BankNifty for Thursday final resistance was 22000 and high was 21967.
For Monday first support is 21100 and we might open around 20700. Below 20700 it might slip to 20300-20000.
Below 20000 next target BankNifty opens up for 19000-18000.
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