Nifty_11-05-2020

#Nifty
For 11-05-2020

Support for Nifty comes at 9260-9175-9116
Resistance for Nifty comes at 9330-9400-9521

BankNifty
Support for BankNifty comes at 19285-19000-18700
Resistance for BankNifty comes at 19467-19680-19820-20000

Nifty was sell on rallies with stop loss of 9400, however in the morning I changed my stop loss to 9500, but as we saw Nifty is not even able to cross 9400.
Now for Monday again we will use rallies to 9400 for sell stop loss is 9522.
Nifty will be Fresh sell on break down of 9170. Targets in both the cases will be 9000-8900.



BankNifty also was sell on rallies with stop loss of 20100 which had not triggered and from intraday high it gave 700 points.
For Monday again it is sell on rallies to 19500-19700 with stop loss of 19850 targets here can be 19300-18941.
BankNifty is fresh sell on rallies on break of 18900.

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