#Nifty
For 22-06-2020
Support for Nifty comes at 10200-10150-10080-10000
Resistance for Nifty comes at 10287-10328-10400-10500
BankNifty
Support for BankNifty comes at 21200-21080-20850
Resistance for BankNifty comes at 21467-21800-21960
Nifty all dips were buy and after giving a very small dip to 10072 it moved to 10272. My expectations were around 10150. But it touched 10272 thanks to Reliance.
For Monday we have to wait for some dips to 10200-10150 for fresh buy with a SL of 10080 for targets of 10300-10500 in this week. For positional longs stop loss is now 10000 on closing basis. Monday again can be a Highly volatile day so trade with care.
Fresh sell only below 9900.
BankNifty also all dips were buy and above 21000 targets were 21250-21500 and it made a high of 21467. Power of technicals.
For Monday fresh buy should be done on some dips to 21200 with a SL of 21080. Below 21080 it can slip to 20800. BankNifty best buy will be around 20800 if it comes with a SL of 20500. On upside we can expect 21500-21800.
Disclosure: I don't have any position in Nifty and Banknifty futures.
For 22-06-2020
Support for Nifty comes at 10200-10150-10080-10000
Resistance for Nifty comes at 10287-10328-10400-10500
BankNifty
Support for BankNifty comes at 21200-21080-20850
Resistance for BankNifty comes at 21467-21800-21960
Nifty all dips were buy and after giving a very small dip to 10072 it moved to 10272. My expectations were around 10150. But it touched 10272 thanks to Reliance.
For Monday we have to wait for some dips to 10200-10150 for fresh buy with a SL of 10080 for targets of 10300-10500 in this week. For positional longs stop loss is now 10000 on closing basis. Monday again can be a Highly volatile day so trade with care.
Fresh sell only below 9900.
BankNifty also all dips were buy and above 21000 targets were 21250-21500 and it made a high of 21467. Power of technicals.
For Monday fresh buy should be done on some dips to 21200 with a SL of 21080. Below 21080 it can slip to 20800. BankNifty best buy will be around 20800 if it comes with a SL of 20500. On upside we can expect 21500-21800.
Disclosure: I don't have any position in Nifty and Banknifty futures.
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