Nifty update
Yesterday nifty future crashed and it tested 7505 . After lows it recovered smartly and tested higher zone above 7600 . Finally closed at 7593 loosing just 4 points from its last closing . Today if market break our support at 7540 and manage to sustain beneath our support then expect market to correct upto 7505 – 7470 today .
If nifty future break our resistance at 7640 and manage to hold above our resistance . Then expect buyers to get some respite upto 7680 – 7730 today .
Banknifty update
Banknifty future cracked and tested 15841 yesterday . But finally later recovered from lows and finally closed at 16070 , loosing approx 80 points from its friday closing . Now if market break our resistance at 16210 and manage to hold above our resistance then expect market to zoom upto 16350 – 16510 today .
If banknifty future breaks our suppprt at 15840 and manage to hold beneath our support then expect market to correct upto 15700 – 15570 today .
Nifty Banknifty update conclusion : Trend is flat to positive for now . But all eyes on china for cues .
More will update to our tips subscribers