Readers who short sold nifty and bank nifty would have reaped money.
NIFTY
Resistance for nifty future is placed at 5110 for tomorrow's trading.
Reversal from this level will make nifty correct to 5085, 5071 and 5055 tomorrow.
Trading below 5055 will straight away take nifty to 5035 which is strong support level.
BANK NIFTY
BNF closed on a positive note today. Inorder to maintain momentum BNF must cross and trade above
9145. If BNF trades above 9145, it will open up targets of 9190 and 9215.
On the other hand breaking and trading below 9040 would be disastrous for BNF as bears will smash
BNF to 9015, 8995 and 8975 tomorrow.
Useful Links
Nifty weekly outlook
Gold Weekly outlook (MCX India)
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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