#Nifty
For 26-05-2020
Support for Nifty comes at 9000-8968-8927-8870
Resistance for Nifty comes at 9080-9123-9185
BankNifty
Support for BankNifty comes at 17116-17000-16635
Resistance for BankNifty comes at 17450-17700-18077
Nifty our stop loss of short trade of 9235 is still not triggered so trade is still active.
On Friday fresh sell was below 8950 so there was not any fresh trade.
For tomorrow fresh selling should be done on 15 minutes candle below 8950. Buy trade should only be taken close above 9250.
BankNifty was sell on all rallies to 18000 and after making a high of 17952 it went all the way to 17105 however my target for the day was 17500.
Fresh sell was only below 17100 and it made a low of 17105 before bouncing back little.
For tomorrow 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 26-05-2020
Support for Nifty comes at 9000-8968-8927-8870
Resistance for Nifty comes at 9080-9123-9185
BankNifty
Support for BankNifty comes at 17116-17000-16635
Resistance for BankNifty comes at 17450-17700-18077
Nifty our stop loss of short trade of 9235 is still not triggered so trade is still active.
On Friday fresh sell was below 8950 so there was not any fresh trade.
For tomorrow fresh selling should be done on 15 minutes candle below 8950. Buy trade should only be taken close above 9250.
BankNifty was sell on all rallies to 18000 and after making a high of 17952 it went all the way to 17105 however my target for the day was 17500.
Fresh sell was only below 17100 and it made a low of 17105 before bouncing back little.
For tomorrow 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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