Nifty view today
Nifty future consolidated yesterday and it tested 8136 after making highs of 8247 , a good support today in nifty at 8090 once market break this and sustain below our major support then expect market to correct upto 8050 – 8010 today
If nifty future click our intraday resistance at 8210 and sustain above our today’s nifty resistance then expect market to test 8248 – 8288 today
Banknifty view today
BankNifty future did not consolidated like nifty and it stayed firm but final closed -0.25% at 17600 , now if banknifty future click our resistance at 17820 and sustain above our resistance then expect market to fire upto 17950 – 18100 today
If banknifty future click our support at 17470 and sustain below our daily support then expect market to correct upto 17330 – 17200 today
Nifty BankNifty view today conclusion : Market trend is weak but IIP and CPI numbers were better than expected so avoid any selling till support is intact
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