#Nifty
For 17-07-2020
Support for Nifty comes at 10690-10630-10562
Resistance for Nifty comes at 10760-10813-10880
BankNifty
Support for BankNifty comes at 21474-21300-21000
Resistance for BankNifty comes at 21807-22062-22150
Nifty was buy at 10600 for target of 10700-10725 and after making a morning low of 10595 it went all the way to 10755. We booked at 10700. For the day third resistance was at 10760 and Nifty made a high of 10755. Power of technicals.
For tomorrow Nifty can be bought on 15 minutes candle close above 10760 for targets of 10800-10850. For good upside move Nifty needs to close above 10900 on daily basis. Tomorrow short trade should be taken below 10690 for target of 10600.
BankNifty for the day final support was 21000 and it made a low of 21027. Power of technicals. Today we have not got buy trade in Banknifty but middle of the day got a buy in 21300 ce which gave 50 points. So good enough day.
For tomorrow Banknifty can be bought at 21400 with a small SL of 21300 or best buy will be at 21100 with SL of 20900 for target of 21300-21500-21800. Banknifty will be super bullish after close above 22350.
Banknifty short Trade should be taken below 20900.
Disclosure: I don't have any position in Nifty and BankNifty futures.
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