Nifty view
Nifty future again opened gap down currently its trading at 7540 . It already tested 7505 . A good support on intraday chart at 7490 . If market break this support and manage to sustain beneath our support . Then expect market to correct upto 7450 – 7410 today .
A good resistance on chart at 7600 . If market break this and manage to sustain above our hurdle . Then expect market to test upto 7650 – 7700 today .
Banknifty view
Banknifty future opened more than 1% gap down . Currently trading beneath 16000 at 15960 . A good support on today’s chart at 15840 . If market break this and manage to sustain beneath our support . Then expect market to correct upto 15700 – 15570 today .
If banknifty future break our resistance at 16080 and manage to hold above our resistance . Then expect market to zoom upto 16200 – 16350 today .
Nifty Banknifty view conclusion : Trend is with bears . So do not buy for now
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