Yesterday, Nifty futures made a fresh high of 15930 but unable to sustain and slipped. Finally Nifty futures settled around 15861.65.
Yesterday, Nifty futures made a low of 15825 which now act as crucial support while resistance intact at 15930—16000.
Fresh buying we will do on a weekly close above 16000 levels or else it could test its support level of 15825 again
Break and sustain below 15825 will take Nifty futures to 15720—15680
Negative diversion seen in RSI, Continue selling pressure from FII’s and weakening of INR may create pressure on Indian financial market.
Bank Nifty touched its all-time high; Watch 36100 levels carefully
On the other hand, Bank Nifty futures formed spinning top pattern on the chart. Bank Nifty futures settled around 35543.55
Bank Nifty futures has support at 35350 and resistance at 35750—36100.
Break and sustain below 35350 will take it to 35050—34850 levels. Bank Nifty has crucial support at 34500
Or else it could test its resistance level of 35750—36100 gain.
Fresh upside rally in Nifty future we will see on a weekly close above 36100 levels only.
Traders can trade safely as per levels given above. Any thing major seems then surely we will update on our whatsapp broadcast list.