Nifty future trend
Nifty future could not sustain on higher levels and as expected it crashed vertically , Reliance results were better than expected but even it could not save from a disastrous day , China were down 8% and bears haunted nifty too as it cracked till 8365 in intraday trade and ended almost on lowest level at 8369 loosing 165 points from its last closing , now if nifty future click our support at 8320 and sustain below this level then expect 8270 – 8240
If nifty future click our resistance at 8430 and sustain above our major hurdle then good breather for buyers of nifty upto 8470 – 8500 not ruled out
BankNifty future trend
BankNifty future followed lead and it cracked pretty hard as it made low of 18215 in intraday trade and ended 18268 loosing 400+ points from its last closing , if banknifty future click our intraday resistance at 18520 and sustain above our resistance then expect 18680 – 18800
If banknifty future click our support of 18080 and sustain below our support then expect banknifty future to correct upto 17930 – 17780 and even more
Nifty BankNifty future trend conclusion : Clearly market trend is weak for now and FII were heavy sellers yesterday , watch china market and then trade
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