Nifty view
Nifty future trading 22 points up from its friday closing . A good resistance on chart at 7921 . If market break this and manage to sustain above this level then expect market to zoom upto 7961 – 8000 today .
If index future break our technical support at 7850 and manage to sustain below our support level then expect market to support sellers upto 7810 – 7770 today .
Banknifty view
Banknifty future trading approx 60 points up from its friday closing . A good resistance on chart at 16960 . If banking index future beat this and manage to sustain above our hurdle level then expect 17100 – 17220 today .
If banking index future break our technical support at 16800 and manage to sustain below our support level then expect market to favor sellers upto 16700- 16600 today .
Nifty Banknifty view conclusion : Trend is flat to positive for now
More will update to our tips subscribers