NIFTY
Twists and turns for tuesday
Nifty future will have strong support at 4715.
If 4715 holds nifty future will attempt to scale 4810.
Trading above 4820 with volumes, nifty future will easily move to 4855, 4880 and 4920.
Nifty future should not break and trade below 4680 tomorrow. Doing so, nifty future will
come into the hands of bears, and get thrashed to 4645, 4610 and 4580
BANKNIFTY
First signs of bullishness in banknifty future will be evident if it is able to trade above 8375.
In such a case it should move to 8430, 8485, 8520 and 8580.
On the other hand breaking and trading below 8310 will take it straight down to 8270 which is critical
support level on daily chart. Trading below 8270 volumes will open up down side targets to the extent
of 8200 and 8100.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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