#Nifty
For 06-07-2020
Support for Nifty comes at 10550-10490-10460
Resistance for Nifty comes at 10632-10678-10750
BankNifty
Support for BankNifty comes at 21630-21500-21300
Resistance for BankNifty comes at 22000-22133-22350-22500
Nifty was buy on dips to 10500 but it didn't went below 10564 so actually no trade was there.
For Monday small dips to 10570-10550 can be bought with a SL of 10530 for target of 10630.
For positional long trade stop loss is 10400 on upside possible targets can be 10700-10750 so we should wait for dips for fresh positional buy.
BankNifty was buy on dips to 21800-21700 and from morning low of 21815 it went to 22051.
For Monday all dips to 21600 can be bought with SL of 21500 for targets of 22000-22100.
For positional longs SL is 21300. BankNifty will be sell only below 21300 for targets of 21000-20750. Stop loss for that trade will be 21800.
Disclosure: I don't have any position in Nifty and BankNifty futures.
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