Nifty view
Nifty future trading lower today at 7650 . A good support in index future at 7590 . If market break this and sustain below this intraday level then expect market to correct upto 7540 – 7500 today .
If nifty future break our technical resistance at 7700 and sustain above our intraday resistance today then expect market to test upto 7740 – 7780 today .
Banknifty trend
Banknifty future trading 110 points down from its last closing . A good suppor ton chart at 16100 . If market break this and sustain below this intraday support then expect 16000 – 15900 today .
If banknifty future break our intraday resistance at 16430 and sustain above this intraday hurdle then expect banking index future to test upto 16550 – 16700 level today .
Nifty Banknifty view conclusion : Trend is negative for now . Avoid any buy trade
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