#Nifty
For 22-05-2020
Support for Nifty comes at 9056-9000-8875
Resistance for Nifty comes at 9130-9185-9235
BankNifty
Support for BankNifty comes at 17650-17400-17140
Resistance for BankNifty comes at 17900-18200-18400
Nifty did what expected it stayed above 9050 and infact above 9100 and that caused a move to 9178.
My stop loss on short trade is 9200 and that is still not triggered. I am modifying it to 9235.
For tomorrow no fresh selling till Nifty holding 9050 on hourly closing basis.
Sell should be done only below 8950 with a SL of 9050 for target of 8900-8850-8800.
BankNifty for the day first support was 17650 and it made a low of 17658. Power of technicals.
Today BankNifty was sell in the range of 18000-18200 and after making a high of 18200 it met our first target of 17700, where I suggested to book profit.
For tomorrow BankNifty is again a sell on rallies to 18000-18200 with a SL of 18500 for targets of 17700-17500.
BankNifty will be a fresh sell only below 17100.
For 22-05-2020
Support for Nifty comes at 9056-9000-8875
Resistance for Nifty comes at 9130-9185-9235
BankNifty
Support for BankNifty comes at 17650-17400-17140
Resistance for BankNifty comes at 17900-18200-18400
Nifty did what expected it stayed above 9050 and infact above 9100 and that caused a move to 9178.
My stop loss on short trade is 9200 and that is still not triggered. I am modifying it to 9235.
For tomorrow no fresh selling till Nifty holding 9050 on hourly closing basis.
Sell should be done only below 8950 with a SL of 9050 for target of 8900-8850-8800.
BankNifty for the day first support was 17650 and it made a low of 17658. Power of technicals.
Today BankNifty was sell in the range of 18000-18200 and after making a high of 18200 it met our first target of 17700, where I suggested to book profit.
For tomorrow BankNifty is again a sell on rallies to 18000-18200 with a SL of 18500 for targets of 17700-17500.
BankNifty will be a fresh sell only below 17100.
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