daily nifty banknifty future update 29th january 2016

By | January 29, 2016

Nifty update

Nifty future expired at 7424 . A weak expiry as index lost approx 8% in january series . A good resistance on nifty ( feb ) future at 7510 . If buyers manage to pull this resistance and sustain trading above our hurdle . Then expect index to zoom upto 7550 – 7590 today .

A good support in index future at 7400 . If sellers manage to break this support and sustain below our intraday support . Then expect sellers to enjoy red upto 7350 – 7305 today .

Banknifty update

Banknifty future lost approx 10% in january series as it expired at 15380 . A good resistance at 15620 ( feb ) . If banking index future breaks this level and manage to sustain above our resistance . Then expect market to fire upto 15750 – 15880 today .

A good support in banknifty future ( feb ) at 15330 . If sellers manage to break this support and sustain beneath our support . Then expect market to correct upto 15200 – 15040 today .

Nifty Banknifty update conclusion : Trend is flat to weak for now .

More will update to our paid tips subscribers