Nifty analysis

Nifty future trading 21 points down from its friday closing at 8283 . Today nifty future made freak high of 8723 . Every 2-3 months we see such highs and lows at opening . Today nifty analysis will be depended on levels . If nifty future break our support at 8260 and sustain below our technical support then expect market to correct upto 8220 – 8170 today .

If nifty future click our technical hurdle at 8320 and sustain above our major hurdle then expect market to test upto 8370 – 8400 today .

BankNifty analysis

Banknifty future trading at 17830 .  100 points lower from its last closing . A good resistance in banknifty at 18050 . Once market break this and sustain above our index hurdle then expect market to test upto 18200 – 18400 today .

If banknifty future click our technical support at 17700 and sustain below our technical support then expect market to correct upto 17550 – 17400 today .

Nifty Bank Nifty analysis conclusion : Market trend is weak for now .

More will update to our subscribers .

By marafat