Nifty trend
Yesterday market stayed in a small range and first half it favored to bears but then giant L&T which is our most favorite stock in indian stock market started moving and touched 1830 range which helped market to stayed higher and closed approx 21 points up at 8613 , now if nifty future click our resistance at 8651 and sustain above our resistance then expect nifty to test upto 8689 – 8730 today
If nifty future click our support at 8560 and sustain below our nifty support then expect nifty to correct upto 8520 – 8480 and even more correction not ruled out
BankNifty trend
Banknifty closed 86 points up from its last closing leading by private banking stocks this time but PSU banks like SBI also helped it to move higher , If banknifty future click our technical resistance at 19240 and sustain above our resistance then expect banknifty to test upto 19390 – 19520 today
If banknifty future click our technical support at 18880 and sustain below our support then expect banknifty to correct upto 18740 – 18600 today
Market trend conclusion : Nifty and Banknifty both in positive zone for now
More will update to our subscribers