#Nifty
For 14-07-2020
Support for Nifty comes at 10770-10730-10676
Resistance for Nifty comes at 10848-10894-10953
BankNifty
Support for BankNifty comes at 21981-21768-21500
Resistance for BankNifty comes at 22250-22450-22657
Nifty for the day final resistance was 10890 and it made a high of 10894. Power of technicals. Nifty was sell around 10800-10850 and if you sold it at the opening of 10851 it gave around 95 points.
For tomorrow if Nifty manages to hold 10800-10820 then short covering can lead it to 10880-10900. But the preferred trade for tomorrow will be sell around 10850 with SL of 10900 for target of 10800-10750-10700 till Thursday. Tomorrow i will like to avoid Nifty.
Nifty fresh buy only daily close above 10900.
BankNifty boundaries for Monday were 22600 and 22000 and today's high is 22657 and low is 21981. Power of technicals. Today Banknifty was sell around 22600 for target of 22000 and we got 21981. However i covered at 22250.
For tomorrow 22000 is strong support for Banknifty so if manages to hold 22000-218000 it can bounce up to 22250-22400. It can be sold around 22400-22500 with a SL of 22658 for target of 22000.
I will like to avoid any trade in Banknifty tomorrow.
Disclosure: I don't have any position in Nifty and BankNifty futures.
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