Nifty analysis
Nifty future gave positive expiry yesterday . Today levels would be in december contract . Nifty chart has an intaraday resistance at 7980 and sustain above our technical hurdle then expect market to zoom upto 8020 – 8060 today .
Nifty chart has an intraday support at 7880 .If market manage to break this and sustain below our intraday support then expect index to correct upto 7840 – 7800 today .
BankNifty analysis
Banknifty future gained nearly 100 points yesterday despite expiry . Today if market click our technical resistance at 17230 and sustain above our intraday resistance then expect market to zoom upto 17370 – 17490 today .
If market click our technical support at 17000 and sustain below our intraday support then expect market to correct upto 16900 – 16770 today .
Nifty Banknifty analysis conclusion : Market is in favor of buyers . So avoid any selling trade till our supports stand .
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