#Nifty
For 29-07-2020
Support for Nifty comes at 11250-11180-11140
Resistance for Nifty comes at 11350-11389-11433
BankNifty
Support for BankNifty comes at 21940-21800-21611
Resistance for BankNifty comes at 22170-22300-22500
Nifty performed as expected moved slowly above 11250 and then 11300.
Tomorrow we need some dips to 11250 to buy again as buying at 11300 and above is not a good idea. Nifty can be bought near 11250 with a SL of 11170 for target of 11300-11320. Nifty i am expecting target of 11389-11433 by Friday.
BankNifty was buy around 21800 with a SL of 21500 and after making a low of 21611 it achieved my first target of 22000 and made a high of 22233 missed second target by 67 points. After yesterday's bad performance today Banknifty analysis worked well.
For tomorrow all dips to 22000-21900 can be bought with a SL of 21750 for target of 22300-22500. Above 22500 Banknifty will again kiss 23000. I am expecting 23000 by Friday with a SL of 21600.
Disclosure: I don't have any position in Nifty and BankNifty futures.
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