#Nifty
For 25-06-2020
Support for Nifty comes at 10278-10229-10160
Resistance for Nifty comes at 10360-10438-10500
BankNifty
Support for BankNifty comes at 21300-21100-20900
Resistance for BankNifty comes at 21600-21751-22000
Nifty I went right at highs as suggested 10500-10560 is tough resistance and Nifty reversed from 10553. But in our small buy at 10400 triggered stop loss of 10380 but again as expected below 10380 it slipped to 10300 actually 10281.
For tomorrow if Nifty slips below 10270 then another down move to 10200-10160 is possible. Around 10200-10160 Nifty can be bought with SL of 10100.
Below 10100 bears will be in control.
BankNifty again went right and went wrong. As expected 22500 is not crossed and it made a high of 22479 and reversed 1100 points from day's high. But buy at 21800 triggered SL of 21600.
For tomorrow all rallies to 21800-21900 can be used for sell with a SL of 22000. Fresh sell can be created below 21300 for targets of 21100-20900 with a SL of 21500.
Disclosure: I don't have any position in Nifty and Banknifty futures.
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