Nifty analysis
Yesterday nifty future fired without major reason many investors think that ache din are back in indian stock market but they forgot to check the date it was a quarter closing so many funds were rush to buy so they may give better closing , now nifty has a resistance at 8050 if market click this and sustain above our resistance then more buying may occur upto 8100 – 8150 today
If nifty future click our support at 7920 and sustain below our intraday nifty support then expect market to correct upto 7880 – 7840 today
BankNifty analysis
Banknifty future were in pressure as most of the banking stocks remained in pressure SBI closed nearly 2% down , now if banknifty future click our support at 17200 and sustain below our intraday support today then expect market to correct upto 17050 – 16900 today
If banknifty future shows some positive move and click our resistance at 17500 and sustain above our intraday resistance then expect fire upto 17630 – 17700 today in market
Nifty BankNifty analysis conclusion : Market trend is positive but avoid buying for now
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