#Nifty
For 21-07-2020
Support for Nifty comes at 10990-10950-10880
Resistance for Nifty comes at 11082-11152-11200
BankNifty
Support for BankNifty comes at 22200-22000-21770
Resistance for BankNifty comes at 22520-22650-23835
Nifty for the day final resistance was 11035 and Nifty made a high of 11037. Power of technicals. Nifty was buy on dips. We got a dip at 10953 which we bought and booked at 11000.
For tomorrow Nifty will be buy above 11040 for targets of of 11080 and 11135. Stop loss for that trade will be 10970. Nifty can be sell below 10950 for target of 10900 with stop loss of 11000.For positional trade targets are 11200 with a stop loss of 10850.
BankNifty achieved its first target of 22500. But we didn't it get any trade.
For tomorrow Banknifty is buy only above 22520 for targets of 22800-23000. On downside it has good support at 22200-22000. No buy trade for banknifty on dips for tomorrow. Positional long trade SL is 21750.
Disclosure: I don't have any position in Nifty and BankNifty futures.
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