#Nifty
For 02-07-2020
Support for Nifty comes at 10400-10340-10267
Resistance for Nifty comes at 10500-10561-10600
BankNifty
Support for BankNifty comes at 21830-21600-21400
Resistance for BankNifty comes at 22060-22211-22462
Nifty for the day final resistance was 10440 and it made a high of 10447. Yesterday the idea was to short Nifty but in the morning changed the view to don't short and that proved right.
For tomorrow till 10340 holding all dips to 10400-10380 can be bought with SL of 10340 for target of 10500. Any 15 minutes candle below 10340 can lead to 10300-10270-10220.
For tomorrow upside seems to be limited to 10500-10520 so buying at 10430 or higher is not advisable.
BankNifty sell was also cancelled. So no trade.
For tomorrow BankNifty above 2200 can lead to 22500. Fresh buying can be done above today's high of 22062 for target of 22300-22462-22700. BankNifty can also be bought on all dips to 21800 with SL of 21600 for target of 22000-22300. BankNifty will be weak only below 21400.
Disclosure: I don't have any position in Nifty and Banknifty futures.
For 02-07-2020
Support for Nifty comes at 10400-10340-10267
Resistance for Nifty comes at 10500-10561-10600
BankNifty
Support for BankNifty comes at 21830-21600-21400
Resistance for BankNifty comes at 22060-22211-22462
Nifty for the day final resistance was 10440 and it made a high of 10447. Yesterday the idea was to short Nifty but in the morning changed the view to don't short and that proved right.
For tomorrow till 10340 holding all dips to 10400-10380 can be bought with SL of 10340 for target of 10500. Any 15 minutes candle below 10340 can lead to 10300-10270-10220.
For tomorrow upside seems to be limited to 10500-10520 so buying at 10430 or higher is not advisable.
BankNifty sell was also cancelled. So no trade.
For tomorrow BankNifty above 2200 can lead to 22500. Fresh buying can be done above today's high of 22062 for target of 22300-22462-22700. BankNifty can also be bought on all dips to 21800 with SL of 21600 for target of 22000-22300. BankNifty will be weak only below 21400.
Disclosure: I don't have any position in Nifty and Banknifty futures.
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