#Nifty
For 24-06-2020
Support for Nifty comes at 10420-10380-10300
Resistance for Nifty comes at 10500-10561-10620
BankNifty
Support for BankNifty comes at 22036-21900-21670
Resistance for BankNifty comes at 22350-22500-22750
Nifty was buy above 10400 for 10500 and we got 10484. Not bad.
For tomorrow 10500-10560 is big resistance. So fresh buying should only be done daily close above 10560. Till then dips to 10400 can be bought with strict SL of 10380. Below 10380 it can slide to 10300. For next 2 days we can assume that 10300 will be safe.
Sell only below 10300.
BankNifty for the day first support was 21611 and low is 21647. Final resistance for the day was 22350 and it made a high of 22322. Power of technicals.
For tomorrow 22300-22450 is resistance zone. BankNifty fresh buy only close above 22450. For intraday all dips to 22000-21800 can be bought with a SL of 21600. Probably some short term top is in place. Till expiry 22500 is not supposed to be crossed.
Disclosure: I don't have any position in Nifty and Banknifty futures.
For 24-06-2020
Support for Nifty comes at 10420-10380-10300
Resistance for Nifty comes at 10500-10561-10620
BankNifty
Support for BankNifty comes at 22036-21900-21670
Resistance for BankNifty comes at 22350-22500-22750
Nifty was buy above 10400 for 10500 and we got 10484. Not bad.
For tomorrow 10500-10560 is big resistance. So fresh buying should only be done daily close above 10560. Till then dips to 10400 can be bought with strict SL of 10380. Below 10380 it can slide to 10300. For next 2 days we can assume that 10300 will be safe.
Sell only below 10300.
BankNifty for the day first support was 21611 and low is 21647. Final resistance for the day was 22350 and it made a high of 22322. Power of technicals.
For tomorrow 22300-22450 is resistance zone. BankNifty fresh buy only close above 22450. For intraday all dips to 22000-21800 can be bought with a SL of 21600. Probably some short term top is in place. Till expiry 22500 is not supposed to be crossed.
Disclosure: I don't have any position in Nifty and Banknifty futures.
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