BankNIfty view
Banknifty future fired more than 250 points yesterday and closed pretty solid 1.5% up from its last closing . It closed at 17075 . Today if banking index future click our intraday resistance at 17220 and sustain above our resistance then expect market to test upto 17350 – 17490 today .
Chart has support at 16900 . If banknifty future click our intraday support at 16900 and sustain below our banking index support then expect market to correct upto 16770 – 16600 today .
Nifty view
NIfty future zoomed 125 points from its last closing . Today if index future click our resistance at 7900 and sustain above our intraday resistance then expect market to zoom upto 7940 – 7980 today .
Chart has a support at 7800 . If nifty future click our intraday support at 7800 and sustain below our intraday support then expect market to correct upto 7740 – 7700 and even more correction below 7700 not ruled out .
Banknifty Nifty view conclusion : Market trend is positive for now but stay alert on higher levels .