Nifty trend

Nifty future remained stable yesterday . It made low of 7952 . It made high of 7994 . Nifty chart has a technical support level today at 7930 . If market break this and sustain below this level then expect market to correct upto 7890 – 7850 today .

If nifty future price click our technical resistance level at 8030 and sustain above our intraday resistance then expect market to zoom upto 8080 – 8120 today .

BankNifty trend

Banknifty future were outperforming major index . Today we have rbi policy . Its not exciting and market does not expect anything from Rbi governor . Today if banking index future break our technical resistance at 17620 and sustain above our resistance then expect market to zoomm upto 17760 – 17900 today .

If banknifty future click our technical support level of 17330 and sustain below our intraday support then expect market to correct upto 17200 – 17030 today .

Nifty and Banknifty trend conclusion :  Market trend is flat . Major fate would be decide after policy outcome .

More will update to our nifty tips subscribers .

By marafat