Nifty view
Nifty future trading flat at 7960 . Chart suggest a technical index support at 7920 . If market break this and sustain below our intraday support then expect market to tank upto 7880 – 7840 today .
If nifty future click our chart resistance at 7992 and sustain above our technical hurdle today then expect bulls to take charge upto 8040 – 8080 today .
Banknifty view
Banknifty future trading higher than nifty at 17460 . Its outperforming main index today as main banking stocks are performing better than market . Good resistance today in banking index future at 17540 . If market manage to break this and sustain above our technical hurdle then expect market to fire upto 17670 – 17800 today .
If banknifty future click our technical support at 17300 and sustain below our major support then expect banking index tank upto 17170 – 17030 today .
Banknifty and nifty view conclusion : Market trend is flat to positive . Avoid any major sell .
More will update to our nifty tips subscribers