#Nifty
For 12-05-2020
Support for Nifty comes at 9175-9116-9000
Resistance for Nifty comes at 9290-9330-9400
BankNifty
Support for BankNifty comes at 1
Resistance for BankNifty comes at 19170-19300-19500-19700
Nifty again we sold with SL of 9522 and from day's high it gave almost 200 points.
But for Tuesday again if we get some rally to 9300-9350 we will not go for sell.
Tomorrow Nifty will be sell only an 15 minutes candle below 9200 with a SL of 9260 or near to 9400-9450 with a SL of 9525
Between 9200-9400 is now a no trade zone for me.
BankNifty also was sell on rallies with stop loss of 19850 and it gave almost 800 points from highs.
But here again for Tuesday we will wait for break below 18900 for selling with SL of 19200 or we will sell near to 19400-19500 with a SL of 19800.
BankNifty as shown in charts is forming a head and shoulders pattern and break below 18900 targets here could be 17000-16000.
For 12-05-2020
Support for Nifty comes at 9175-9116-9000
Resistance for Nifty comes at 9290-9330-9400
BankNifty
Support for BankNifty comes at 1
Resistance for BankNifty comes at 19170-19300-19500-19700
Nifty again we sold with SL of 9522 and from day's high it gave almost 200 points.
But for Tuesday again if we get some rally to 9300-9350 we will not go for sell.
Tomorrow Nifty will be sell only an 15 minutes candle below 9200 with a SL of 9260 or near to 9400-9450 with a SL of 9525
Between 9200-9400 is now a no trade zone for me.
BankNifty also was sell on rallies with stop loss of 19850 and it gave almost 800 points from highs.
But here again for Tuesday we will wait for break below 18900 for selling with SL of 19200 or we will sell near to 19400-19500 with a SL of 19800.
BankNifty as shown in charts is forming a head and shoulders pattern and break below 18900 targets here could be 17000-16000.
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