Nifty view
Nifty future opened lower today and now trading 40 points down at 8054 from its friday closing . A good resistance in nifty today at 8110 once market break this hurdle and sustain above this level then expect index to fire upto 8160 – 8199 today .
Ginats like L&T and Sunpharma are down 2% which is putting more pressure in nifty . A good support in market at 7990 once market break this and sustain below this intraday support then expect bears to have party upto 7940 – 7900 today .
Banknifty view
Banknifty future trading 36 points down at 17382 from its friday closing . A good resistance at 17510 once market break this and sustain above our hurdle then expect banking index to fire upto 17660 – 17800 today .
If banknifty future click our support at 17250 and sustain below our intraday index support then expect this banking index to correct upto 17050 – 16900 today .
Nifty Banknifty view conclusion : Market trend is weak so avoid buy till resistance does not breach .
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