Nifty and Bank Nifty futures achieved our upside target successfully and slipped.
Power of levels… Nothing else!!
Nifty futures: Last close 15832
Below 15815… Sell it!!
We will see a sharp downside panic till 15755—15710 then to 15589 levels too in the intraday trading session.
Hurdle intact at 15960—16000
Fresh upside rally we will see on a weekly close above 16000 levels only
Bank Nifty futures: Last close 35622.20
Support at 35500 and resistance at 36000—36100
Decisive break and sustain below 35500 will take it to 35250—35050—34900 levels.
Or else it could test its resistance level of 35800—36000 again.
Fresh buying we will do on a weekly close above 36100 levels only
Today, there is weekly expiry in the indices and we expect a sluggish move in the first half trading session.
Trendy Lic Housing Finance
Support at 466 and resistance at 476
Decisive break and sustain below 466 will take it to 455—451 and then to 440 levels in days to come
Fresh buying on close above 476 levels only
Options
Sell Nifty 15 July 15800 CE around 140. Stop-loss 210. Target 70—40