#Nifty
For 02-06-2020
Support for Nifty comes at 9780-9706-9630
Resistance for Nifty comes at 9889-9931-10000
BankNifty
Support for BankNifty comes at 19812-19632-19300
Resistance for BankNifty comes at 20225-20530-20800
Nifty as long as holding 9630 on closing basis all dips to 9700 can be bought with SL of 9630. On upside Nifty targets can be 10000-10300.
9970 is the 50 % Retacement of fall from 12430 to 7511. Above 9970 it can move to 10300-10500.
BankNifty is still 10% lower than its April High of 21967, while Nifty today just traded above that. So BankNifty can still have some more upside.
BankNifty today touched 13-May high.
BankNifty as long as holding 19500 holding it is buy on dips with SL of 19300. BankNifty can move to 22000 in extreme bullish scenario. For positional trade 18900 is the stop loss.
For 02-06-2020
Support for Nifty comes at 9780-9706-9630
Resistance for Nifty comes at 9889-9931-10000
BankNifty
Support for BankNifty comes at 19812-19632-19300
Resistance for BankNifty comes at 20225-20530-20800
Nifty as long as holding 9630 on closing basis all dips to 9700 can be bought with SL of 9630. On upside Nifty targets can be 10000-10300.
9970 is the 50 % Retacement of fall from 12430 to 7511. Above 9970 it can move to 10300-10500.
BankNifty is still 10% lower than its April High of 21967, while Nifty today just traded above that. So BankNifty can still have some more upside.
BankNifty today touched 13-May high.
BankNifty as long as holding 19500 holding it is buy on dips with SL of 19300. BankNifty can move to 22000 in extreme bullish scenario. For positional trade 18900 is the stop loss.
Comments
Post a Comment