Nifty view
Nifty future price trading lower today at 7687 . A good support on chart stands at 7650 . If market break this and sustain below this technical level then expect index to favor sellers upto 7610 – 7570 today .
If nifty future price break our technical resistance at 7720 and sustain above our intraday hurdle then expect market to favor buyers upto 7760 – 7800 today .
Banknifty trendÂ
Banknifty future also trading lower today at 16710 . A good support on chart stands at 16580 . If market break this and sustain below our intraday support then expect market to correct upto 16450 – 16300 today .
If banknifty future break our intraday resistance at 16860 and sustain above our technical level then expect market to favor buyers upto 16970 – 17100 today .
Nifty Banknifty view conclusion : Market is still in positive zone for now . But avoid any fresh buying . Follow levels for trading position
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