#Nifty
For 10-07-2020
Support for Nifty comes at 10775-10700-10655
Resistance for Nifty comes at 10848-10900-11035
BankNifty
Support for BankNifty comes at 22800-22600-22300
Resistance for BankNifty comes at 23080-23230-23411
Nifty was buy on hourly close above 10800 which happened at 3:00 PM and from closing level of 10805 it went up to 10836. So only 30 points in 30 minutes.
For tomorrow upside seems to be limited at 10900 so buying at 10813 or higher is not a good idea. We have to wait for some dips to 10775-10750 for buy. Target of this trade will be 10850-10880 intraday with SL of 10700. For positional trade for full week target is 11030 and stop loss is 10650.
BankNifty was buy near 22500 for retest of 23000 it went to 22998 but there was no trade as low it made is 22673.
For tomorrow if Banknifty manages to cross 23000 then it can easily headed to 23300-23400 stop loss for that trade will be 22830. Banknifty can also be bought on all dips to 22800 with SL of 22600 for intraday target of 23300 and positional target of 23500 in this week expiry.
Disclosure: I don't have any position in Nifty and BankNifty futures.
Comments
Post a Comment