Nifty update
Nifty future price has tested again near lows of 7253 . A good support on intraday chart at 7230 . If future price breaks this support and manage to sustain beneath our chart support . Then expect market to support bears upto 7200 – 7160 today .
A good resistance on intraday chart at 7340 . If future price break this hurdle and manage to sustain above our resistance . Then expect market to give some short covering upto 7380 – 7420 today .
Banknifty update
Banknifty future closed up 1.45% as it tested and sustain above 15000 . A good support on chart at 14880 . If bears manage to break this level and sustain below our support . Then expect market to correct upto 14740 – 14600 today .
A good resistance on chart at 15250 . If buyers manage to break our hurdle and sustain above our resistance . Then expect banknifty future to zoom upto 15370 – 15490 today .
Nifty Banknifty update conclusion : Trend is weak to flat for now .
More will update to our nifty tips subscribers