Banknifty view
Banknifty future slipped yesterday and made low of 16961 . It finally gave a close at 17060 . It closed almost at same level . Now if banking index future break our support at 16920 and sustain below our intraday support then expect market to correct upto 16800 – 16650 today .
If banknifty future break our intraday resistance at 17170 and sustain above our banking index resistance then expect market to zoom mupto 17300 – 17440 today .
Nifty view
Nifty future tried to favor bears by making low of 7822 but managed to close flat at 7853 . Today if market break our resistance at 7890 and sustain above our intraday resistance then expect market to zoom upto 7930 – 7970 today .
If nifty future break our intraday support at 7800 and sustain below our intraday support then expect market to correct upto 7750 – 7700 today .
Banknifty view Nifty view conclusion : Market trend is flat for now and expiry approaching so stay with levels .
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