#Nifty
For 18-05-2020
Support for Nifty comes at 9105-9044-8970
Resistance for Nifty comes at 9185-9240-9330
BankNifty
Support for BankNifty comes at 18683-18500-18287-18000
Resistance for BankNifty comes at 19060-19250-19500
Nifty for Friday first resistance was 9185 and high was also 9185. That shows how weak are pullbacks.Nifty was sell on all rallies to 9200-9250 and we got 9182 in the opening from where it slided to 9050 to met my first target of 9080. Where I again suggested to cover shorts and proved right again as after that Nifty rose more than 100 points in intraday.
For tomorrow again we will sell on all rallies to 9200-9250 if comes with a SL of 9350 for targets of 9050-8970-8900.
Below 8900 doors are open.
BankNifty was sell on all rallies to 19200 and we got the opportunity to sell at 19119 from where it went all the way to meet my second target of 18900 and went even below to 18683.
For tomorrow we will either on all rallies to 19300 with a SL of 19500 for target of 19000 or sell below 18800 with SL of 19000 for targets of 18500.
Below 18800 BankNifty is very weak.
For 18-05-2020
Support for Nifty comes at 9105-9044-8970
Resistance for Nifty comes at 9185-9240-9330
BankNifty
Support for BankNifty comes at 18683-18500-18287-18000
Resistance for BankNifty comes at 19060-19250-19500
Nifty for Friday first resistance was 9185 and high was also 9185. That shows how weak are pullbacks.Nifty was sell on all rallies to 9200-9250 and we got 9182 in the opening from where it slided to 9050 to met my first target of 9080. Where I again suggested to cover shorts and proved right again as after that Nifty rose more than 100 points in intraday.
For tomorrow again we will sell on all rallies to 9200-9250 if comes with a SL of 9350 for targets of 9050-8970-8900.
Below 8900 doors are open.
BankNifty was sell on all rallies to 19200 and we got the opportunity to sell at 19119 from where it went all the way to meet my second target of 18900 and went even below to 18683.
For tomorrow we will either on all rallies to 19300 with a SL of 19500 for target of 19000 or sell below 18800 with SL of 19000 for targets of 18500.
Below 18800 BankNifty is very weak.
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