#Nifty
For 31-07-2020
Support for Nifty comes at 11084-11036-11000
Resistance for Nifty comes at 11170-11203-11250
BankNifty
Support for BankNifty comes at 21580-21496-21222-21000
Resistance for BankNifty comes at 21860-22000-22250
Nifty for the day second resistance was 11308 and it made a high of 11299.95. For the day second support was at 11087 and it made a low of 11084.95. Power of technicals.
Below 11150 Nifty was expected to slide to 11090-11050 and it made a low of 11085. Today i haven't taken any trade in Nifty.
For tomorrow Nifty can be bought in the range of 11100-11050 for the intraday target of 11180-11200 with a SL of 11020. One more retest of 11250-11300 is more likely tomorrow or on Monday. This view will be invalid if Nifty closes below 11000. Below 11000 next strong support is 10900-10860. Only below 10860 the trend will change.
BankNifty buy trade at 22000-21900 SL triggered at 21800. For the day last support for banknifty was at 21600 and it made a low of 21580. Power of technicals.
Banknifty trend change level is 21600 on closing basis, which have been saved today by Bulls.
For tomorrow i will again buy at 21600-21800 with a SL of 21450 for target of 22000-22250-22500. Banknifty sell trade only below 21450 for targets of 21222-21000 SL for that trade will be 21600. But tomorrow can be a surprise day for Banknifty bears.
Disclosure: I don't have any position in Nifty and BankNifty futures.
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