Nifty update
Nifty future tanked yesterday as it tested 7233 . Thanks to last 30 minutes short covering it closed at 7319 . Now coming again for today’s trading session . A good support stands on intraday chart at 7230 . If index future break this and manage to trade beneath this support . Then expect bears to take charge upto 7200 – 7170 .
A good resistance on intraday nifty future chart at 7361 . If index future break this hurdle and manage to sustain above our resistance . Then expect market to zoom upto 7411 – 7470 today .
Banknifty update
Banknifty future had a terrible day as it tested 14730 lows . Finally gave a close at 14940 . A good support on intraday chart at 14720 . If sellers manage to break this level and sustain beneath our support . Then expect market to crack upto 14600 – 14500 today .
A good resistance on intraday banknifty future chart at 15100 . If buyers break this hurdle and manage to sustain above our resistance . Then expect market to zoom upto 15270 – 15400 today .
Nifty Banknifty future update conclusion : Trend is weak for now but some small covering not ruled out .
More will update to our trading tips subscribers .