Yesterday, Nifty futures bounced back sharply again from the support zone and made a high of 15760.20. Finally settled around 15748.85 and trading above 21 and 55 DEMA.
SGX Nifty is at 15800… Now what to expect???
Nifty future has support at 15650—15450—15370.
Fresh downside panic we will see on a close below 15370 level only or else rally remain continue till 15850 levels.
Break and sustain above 15850 will see more upside rally till 15930—15970 levels.
Will Nifty Futures break 16000 mark???
Three consecutive close + weekly close above 16000 will take Nifty to 17500 levels.
Best buying opportunity in Nifty futures to buy around 15650 with stop loss below 15370.
Trendy Bank Nifty heading towards 36000 levels.
On the other hand, Bank Nifty too moved up sharply and settled around 34944.40.
Best buying opportunity in Bank Nifty futures around 34500 with stop loss below 33500 for an upside target of 36000.
Three consecutive close + weekly close above 36000 levels will take Bank Nifty to 41000 levels in days to come.
Our positive view turns negative on a close below 33500 levels only.
Overall trend is positive in Nifty and Bank Nifty, buy on decline will be the best trading strategy for traders/investors