Nifty levels
Nifty future trading at 7592 . A good support in today’s trading session at 7538 . Once traders break this support and trade beneath this level . Then expect market to support sellers upto 7500 – 7460 today .
A good hurdle on chart for nifty future at 7615 . Once traders break this barrier and manage to sustain above our resistance . Then expect market to zoom upto 7650 – 7690 today .
Banknifty levels
Banknifty future trading lower today despite positive sensex . Its trading at 15470 . Major pressure coming from psu banks which are dragging the index . SBI is down 2% and other psu banks are also in pressure . A good support today at 15350 . Once traders take this support out and manage to sustain beneath our support . Then expect market to correct upto 15200 – 15100 today .
A good resistance on banking index future chart at 15600 . Once market break this barrier and manage to sustain above our resistance . Then expect banknifty future to zoom upto 15740 – 15900 today .
Nifty Banknifty levels conclusion : Trend is flat to weak for now .
More will update to our tips subscribers .