Nifty analysis

Nifty future gave positive expiry yesterday . Today levels would be in december contract . Nifty chart has an intaraday resistance at 7980 and sustain above our technical hurdle then expect market to zoom upto 8020 – 8060 today .

Nifty chart has an intraday support at 7880 .If market manage to break this and sustain below our intraday support then expect index to correct upto 7840 – 7800 today .

BankNifty analysis

Banknifty future gained nearly 100 points yesterday despite expiry . Today if market click our technical resistance at 17230 and sustain above our intraday resistance then expect market to zoom upto 17370 – 17490 today .

If market click our technical support at 17000 and sustain below our intraday support then expect market to correct upto 16900 – 16770 today .

Nifty Banknifty analysis conclusion : Market is in favor of buyers . So avoid any selling trade till our supports stand .

More will update to our nifty tips subscribers

By marafat