Nifty trend
Nifty future made high 7803 yesterday . Made low of 7711 . Finally gave close at 7714 almost at lowest level of the day . Nifty chart suggests a technical resistance at 7780 . If market break this and manage to sustain above our intraday hurdle then expect market to zoom upto 7830 – 7870 today .
If nifty future price manage to break our intraday support at 7680 and sustain below our technical support then expect market to favor bears upto 7640 – 7600 today .
Banknifty trend
Banknifty future also crashed with main index . It closed at 16866 almost near day’s lowest point . Today if banking index future break our resistance at 17040 and sustain above intraday hurdle then expect market to zoom upto 17200 – 17330 today .
If banknifty future break our technical support at 16740 and manage to sustain below our intraday support then expect market to correct more upto 16600 – 1640 today .
Nifty Banknifty future trend conclusion : Market is in bears grip . Avoid any major buy trade .
FII were net sellers even yesterday and no respite coming from FII . Parliament also stop functioning and again main bill GST stuck . Market will focus on GST . If its not pass in this session . Then good days ahead for bears .
More will update to our nifty tips subscribers .
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