Nifty update
Nifty future cracked yesterday and we cashed it as we were in selling from 8600 levels , FII were net sellers yesterday in cash this indicates a caution word so now if nifty future click our support of 8520 and sustain below our support then expect nifty to correct upto 8480 – 8440
If nifty future manage to click our technical resistance today at 8620 and sustain above our major hurdle in nifty then expect a breather for bulls upto 8660 – 8700 today
BankNifty update
Banknifty cracked harder than nifty and it was main factor to lead the red in market as banking stocks were pushing index lower , now if banknifty future click our support of 18680 and sustain below our technical support then expect 18500 – 18320 in this index today
If banknifty future manage to click our technical resistance today at 18920 and sustain above our major resistance then expect banknifty future to fire upto 19100 – 19270 today
Nifty BankNifty update conclusion : Market trend is down for now
More will update to our Nifty tips subscribers