Nifty update
Nifty future trading 90 points up from its yesterday’s closing . It opened gap up . Taking cues from last night closing of american markets . Even Nikkie and Hangseng are up more than 1% . Currently trading at 7820 . A good resistance on nifty chart at 7861 . Once market break this and sustain above our intraday resistance then expect 7900 – 7950 today .
If nifty future break our intraday support at 7760 and sustain below our major support level then expect bears to have upper hand again upto 7710 – 7650 today .
BankNifty update
Banknifty future also participating in this rally and its up 1.20% from its last closing . Currently trading at 17017 . A good resistance on chart at 17130 . Once market break this intraday resistance and sustain above this level then expect 17250 – 17380 today in banking index .
If banknifty future break our intraday support at 16880 and sustain below our support then expect market to correct upto 16750 – 16600 today .
Nifty BankNifty update conclusion : Market trend has turn positive due to this big positive opening .
More will update to our nifty tips subscribers