Nifty
:
Nifty
has closed at 7120.90, almost 1% up. Though the trend is weak, we have
mentioned that a small & interim support of 6980 is lying there. Nifty has
taken a support from there and bounced a bit. Since it has closed above 7100 as
per previous report / post, we may expect the higher levels of 7200 / 7230
around levels. Further course of action will be decided if we cross 7200
successfully. For the lower side, we have already mentioned the support of 6980
for short term. One may trade the index by keeping these levels handy.
BankNifty
:
Bank
Nifty closed at 14,164, a flat to slightly positive close. Generally Bank Nifty
outperforms Nifty, and now expected to move faster than Nifty. 14,250 / 14,300
is a small resistance, a sustained trade above these levels may take Bank Nifty
towards higher levels like 14,400 / 14,600 & finally even 14,800 also can
be seen if it sustains at least 14,400 on closing basis. On the lower side if
it closes below 14,100 than the things will become difficult for bulls in Bank
Nifty. One may keep these levels in mind while trading. Trade safely.
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