Nifty levels
Nifty future surged 150 points on hope of rate cut from RBI and it rallied on pure hopes but FII were net sellers again , once market click our support at 7680 and sustain below our technical support then expect nifty to correct upto 7640 – 7600
If nifty future click our resistance at 7780 and sustain above our nifty resistance today then expect nifty to test upto 7820 – 7860
Banknifty levels
Banknifty future were star of the market as it is the most effected section of market which would be beneficial with a rate cut , now if banknifty future click our resistance at 16520 and sustain above our banknifty resistance today then expect market to fire upto 16660 – 16800 today
If banknifty future click our technical support at 16180 and sustain below our banknifty support today then expect banknifty to correct upto 16020 – 15900 today
Nifty Banknifty levels conclusion : Market trend is positive for now but it seems a hollow trend so avoid major long
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