Nifty: Resistance 5932/5964/5979/6003
Support 5900/5870/5837/5778
Nifty ended last session of July series on a weaker note. Nifty ended with a decent loss of 83 points. Moving ahead, market may remain volatile with result announcements. Today nifty may open +ve with marginal gains of 20-25 pts. Nifty major supp @ 5900 now, if sustains below it, it may test 5870-5837 & lower levels in coming sessions. On upside, resistance @ 5932, above it, some covering may be seen. But positional longs should be considered only closing above 5979.
BankNifty has been major underperformer for the series. If sustains below 10800, it stands in chances to test 10400-10200 levels. Above 10850, it may test 11250-11500.
Support 5900/5870/5837/5778
Nifty ended last session of July series on a weaker note. Nifty ended with a decent loss of 83 points. Moving ahead, market may remain volatile with result announcements. Today nifty may open +ve with marginal gains of 20-25 pts. Nifty major supp @ 5900 now, if sustains below it, it may test 5870-5837 & lower levels in coming sessions. On upside, resistance @ 5932, above it, some covering may be seen. But positional longs should be considered only closing above 5979.
BankNifty has been major underperformer for the series. If sustains below 10800, it stands in chances to test 10400-10200 levels. Above 10850, it may test 11250-11500.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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