#Nifty
For 27-05-2020
Support for Nifty comes at 8996-8950-8900
Resistance for Nifty comes at 9050-9080-9127
BankNifty
Support for BankNifty comes at 17116-17000-16635
Resistance for BankNifty comes at 17545-17640-17835
Nifty first support for today was 9000 and it made a low of 8996. Power of technicals.
Fresh sell was only below 15 minutes candle below 8950 so again no trade.
Looks like Nifty in mood of hitting SL on both sides so I am not taking any fresh trade. After Put buyers month of March and call buyers month of April, May seems to be options sellers month.
For tomorrow also fresh selling should be done on 15 minutes candle below 8950. Buy trade should only be taken close above 9250.
BankNifty for the day second resistance was 17700 and it made a high of 17681.
BankNifty was sell on all rallies to 17500-17700 and after making a high of 17681 it went all the way down to 17311 and we suggested to book around 17400.
For tomorrow again fresh selling should be done either on rallies to 17500-17700 with a SL of 17900 for target of 17000 or below 17000 with SL of 17300 for target of 16635-16116.
For 27-05-2020
Support for Nifty comes at 8996-8950-8900
Resistance for Nifty comes at 9050-9080-9127
BankNifty
Support for BankNifty comes at 17116-17000-16635
Resistance for BankNifty comes at 17545-17640-17835
Nifty first support for today was 9000 and it made a low of 8996. Power of technicals.
Fresh sell was only below 15 minutes candle below 8950 so again no trade.
Looks like Nifty in mood of hitting SL on both sides so I am not taking any fresh trade. After Put buyers month of March and call buyers month of April, May seems to be options sellers month.
For tomorrow also fresh selling should be done on 15 minutes candle below 8950. Buy trade should only be taken close above 9250.
BankNifty for the day second resistance was 17700 and it made a high of 17681.
BankNifty was sell on all rallies to 17500-17700 and after making a high of 17681 it went all the way down to 17311 and we suggested to book around 17400.
For tomorrow again fresh selling should be done either on rallies to 17500-17700 with a SL of 17900 for target of 17000 or below 17000 with SL of 17300 for target of 16635-16116.
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