Nifty analysis
Nifty future tried to fire yesterday and it made high 8145 but it could not sustain on higher levels . Index crashed from higher levels and it closed at 8063 , loosing 24 points from its last closing . Today if nse index click our resistance at 8151 and sustain above our intraday resistance then expect market to fire upto 8191 – 8230 today .
If nifty future click our intraday support at 8030 and sustain below our intraday nifty support then expect market to correct upto 8000 – 7950 and more .
BankNifty analysis
Banknifty future fired yesterday and tested our resistance but it did not sustain on higher levels and banking index crashed . It crashed from 17525 to 17243 and finally closed at 17272 . Banking index closed 105 points down from its last closing . Today if market break our resistance at 17530 and sustain above our hurdle then expect fire upto 17650 – 17800 today .
If banknifty future click our index support at 17180 and sustain below our major support then expect market to correct upto 17030 – 16900 today .
Nifty BankNifty analysis conclusion : Market came in pressure yesterday so stay cautious . It may fall anytime
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