#Nifty
For 08-06-2020
Support for Nifty comes at 10100-10040-9944
Resistance for Nifty comes at 10176-10230-10294
BankNifty
Support for BankNifty comes at 20900-20700-20500
Resistance for BankNifty comes at 21200-21314-21619
Nifty was sell on rally to 10125 and in the morning it gave good 80 points.
For Monday if Nifty trades above 10176 then it's next technical targets will be 10230-10294.
As long as Nifty trading above 10080 it is buy on dips. Any move below 10080 can cause pull back to 10040-9950.
For positional Long trade SL is 9900.
BankNifty which earlier had more room to go upside can see some profit booking in the region of 21500-21960. Any fresh move now only close above 22000.
For Monday buying around 21500 is not advisable. We have to wait for some pull back to 20800-20700 for fresh buy with a SL of 20500.
For 08-06-2020
Support for Nifty comes at 10100-10040-9944
Resistance for Nifty comes at 10176-10230-10294
BankNifty
Support for BankNifty comes at 20900-20700-20500
Resistance for BankNifty comes at 21200-21314-21619
Nifty was sell on rally to 10125 and in the morning it gave good 80 points.
For Monday if Nifty trades above 10176 then it's next technical targets will be 10230-10294.
As long as Nifty trading above 10080 it is buy on dips. Any move below 10080 can cause pull back to 10040-9950.
For positional Long trade SL is 9900.
BankNifty which earlier had more room to go upside can see some profit booking in the region of 21500-21960. Any fresh move now only close above 22000.
For Monday buying around 21500 is not advisable. We have to wait for some pull back to 20800-20700 for fresh buy with a SL of 20500.
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