#Nifty
For 08-07-2020
Support for Nifty comes at 10755-10689-10620
Resistance for Nifty comes at 10830-10887-11000
BankNifty
Support for BankNifty comes at 22500-22300-22150
Resistance for BankNifty comes at 22825-23000-23230
Nifty last two days there was no trade. But today we got a trade buying at 10700 gave 100 points in intraday. Nifty for the day first resistance was 10811 and it made a high of 10813. Power of technicals.
For tomorrow Nifty can be bought near 10700 with stop loss of 10680.
But preferred trade for tomorrow is sell on rise to 10820-10850 with stop loss of 10890. Else no trade.
BankNifty was buy on dips to 22200-22000 and after making a low of 22040 it moved to 22674.
For tomorrow till BankNifty holding 22500 all dips can be bought with a SL of 22400 for target of 22800-23000-23250. BankNifty will be sell only below 22150 for target of 22000-21800.
Disclosure: I don't have any position in Nifty and BankNifty futures.
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