#Nifty
For 07-07-2020
Support for Nifty comes at 10720-10660-10600
Resistance for Nifty comes at 10811-10860-10920
BankNifty
Support for BankNifty comes at 22180-22000-21700
Resistance for BankNifty comes at 22480-22800-23000
Nifty again no trade as there was not any dip to buy.
For tomorrow again buy is only on dips to 10700-10680 with SL of 10650. There is no point chasing a mad bull. Nifty can climb to 10900-11000 but we can only buy on some cool off. Stop loss for all positional longs now should be 10550.
BankNifty also wasn't any trade. BankNifty for the day third resistance was 22350 and it made a high of 22353. Power of technicals.
For tomorrow any Intraday dips to 22200-22000 can be bought with a SL of 21750. BankNifty will be fresh buy on move above 22500 for 22825-23000-23250.
Disclosure: I don't have any position in Nifty and BankNifty futures.
Comments
Post a Comment