Nifty view
Nifty future ratteled due to bad performance of BJP in bihar elections . It opened gapdown and made low of 7790 . Currently nifty future trading at 7874 . A good support in nifty at 7785 . Once market break this and sustain below this then expect bears to have party again upto 7740 – 7700 today .
If nifty future click our intraday resistance at 7920 and sustain above this level then expect some relief for buyers upto 7980 – 8020 today .
BankNifty view
Banknifty also ratteled due to bad elections result in bihar . It cracked approx 500 points in intraday . Currently trading 225 points down at 16940 . A good support in banking index at 16700 once market break this and sustain below this level then expect bears to party upto 16550 – 16400 today .
If banknifty future click our intraday resistance at 17050 and sustain above our intraday level resistance then expect banking index buyers to party upto 17200 – 17400 and even more .
Intraday nifty banknifty view conclusion : Market already corrected very hard and gave pretty smart recovery . But trend remain weak so avoid any buy in index till they are not breaking our intraday resistance today .
More will update to our nifty banknifty tips subscribers .