Nifty update
Nifty future cracked yesterday again and tested major support of 7730 . A good support in index future at 7690 . If sellers manage to break this and sustain below our support . Then expect 7650 – 7620 in today’s trading session .
A good resistance in today’s trading session at 7800 . Once buyers take this hurdle out and manage to sustain above our resistance then expect market to fire upto 7850 – 7900 today .
BankNifty update
Banknifty future also lost approx 100 points yesterday at 16470 . A good support on chart for today’s trading session at 16300 . If sellers manage to bring this support down and sustain beneath this level . Then expect market to test upto 16170 – 16040 today .
If banknifty future break our technical hurdle at 16600 and manage to hold above this level . Then expect market to zoom upto 16740 – 16880 today .
Nifty Banknifty update conclusion : Trend is flat to weak for now . Avoid selling at lower levels .
More will update to our trading tips subscribers .