Nifty update
Nifty future cracked once again yesterday . But it respected our support of 7490 . Today if index future breaks our support . Then expect market to correct upto 7450 – 7410 today .
If nifty future breaks our resistance at 7600 and manage to hold this level . Then expect market to zoom upto 7650 – 7700 today .
Banknifty update
Banknifty future cracked very hard and it under performed main index future . It cracked 1.40% as it closed at 15810 . A good support on chart at 15670 . Once sellers manage to break this and sustain beneath this level . Then expect market to correct upto 15530 – 15380 today .
If banknifty future breaks our resistance at 16020 and manage to hold above this resistance then expect market to zoom upto 16180 – 16320 today .
Nifty Banknifty update conclusion : Trend is no doubt weak . So avoid any long for now .
IIP numbers came pretty bad so stay cautious in market today .
More will update to our paid tips subscribers .