#Nifty
For 14-05-2020
Support for Nifty comes at 9335-9280-9200
Resistance for Nifty comes at 9430-9521-9584
BankNifty
Support for BankNifty comes at 19429-19225-18981
Resistance for BankNifty comes at 19829-20122-20400
Nifty as said final resistance is 9600 and it made a morning High of 9584.5. Nifty was fresh sell only below 9340 and it never went below 9350. Power of technicals.
So now most of the package saga over. Now probably Nifty has made the high for this month at 9584 and we may play in the range of 9200-9400 for next few days. And finally when FM finishes with her press conferences it will break 9200-9000 and head lower.
For tomorrow sell below 9280 with stop loss of 9350 for target of 9177-9050.
BankNifty I was expecting opening around 19700 but it opened at 20122 and then moves down slowly. But had not break below 19300.
So no sell.
For tomorrow sell below 19400 with stop loss of 19700 for targets of 19200-18980.
For 14-05-2020
Support for Nifty comes at 9335-9280-9200
Resistance for Nifty comes at 9430-9521-9584
BankNifty
Support for BankNifty comes at 19429-19225-18981
Resistance for BankNifty comes at 19829-20122-20400
Nifty as said final resistance is 9600 and it made a morning High of 9584.5. Nifty was fresh sell only below 9340 and it never went below 9350. Power of technicals.
So now most of the package saga over. Now probably Nifty has made the high for this month at 9584 and we may play in the range of 9200-9400 for next few days. And finally when FM finishes with her press conferences it will break 9200-9000 and head lower.
For tomorrow sell below 9280 with stop loss of 9350 for target of 9177-9050.
BankNifty I was expecting opening around 19700 but it opened at 20122 and then moves down slowly. But had not break below 19300.
So no sell.
For tomorrow sell below 19400 with stop loss of 19700 for targets of 19200-18980.
Comments
Post a Comment