#Nifty
For 19-06-2020
Support for Nifty comes at 10040-10000-9920
Resistance for Nifty comes at 10160-10200-10287
BankNifty
Support for BankNifty comes at 20825-20600-20348
Resistance for BankNifty comes at 21028-21315-21500
Nifty expected a massive short covering rally above 10000 for 10070-10100-10150 and we got 10111. Power of technicals.
For tomorrow intraday all dips to 10030 can be bought with SL of 9980 for retest of 10100-10150. For positional longs stop loss is 9900 on closing basis. Tomorrow again no sell. Fresh sell only below 9900.
BankNifty clearly advised to not short and what a move. However I did not traded in BankNifty.
For tomorrow all dips to 20750-20600 can be used for buying with a SL of 20300. Stop loss is little deep but that is the technical stop loss. Buying at 20750-20600 is for the target of 21000.
Above 21000 next target can be 21250-21500. Tomorrow can be a range bound day.
Disclosure: I don't have any position in Nifty and Banknifty futures.
For 19-06-2020
Support for Nifty comes at 10040-10000-9920
Resistance for Nifty comes at 10160-10200-10287
BankNifty
Support for BankNifty comes at 20825-20600-20348
Resistance for BankNifty comes at 21028-21315-21500
Nifty expected a massive short covering rally above 10000 for 10070-10100-10150 and we got 10111. Power of technicals.
For tomorrow intraday all dips to 10030 can be bought with SL of 9980 for retest of 10100-10150. For positional longs stop loss is 9900 on closing basis. Tomorrow again no sell. Fresh sell only below 9900.
BankNifty clearly advised to not short and what a move. However I did not traded in BankNifty.
For tomorrow all dips to 20750-20600 can be used for buying with a SL of 20300. Stop loss is little deep but that is the technical stop loss. Buying at 20750-20600 is for the target of 21000.
Above 21000 next target can be 21250-21500. Tomorrow can be a range bound day.
Disclosure: I don't have any position in Nifty and Banknifty futures.
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