Nifty update
Nifty future crashed with full force . Best part about this crack that it came after china closed in positive . Many investors were thinking nifty is crashing due to chinese market’s fear . But yesterday every doubt is clear and now we know even india is not immune for a correction . A good support in today’s trading session at 7320 . If index future break this support and sustain beneath our support . Then expect market to correct upto 7270 – 7240 today .
A good resistance on chart stands at 7420 . If market break this and sustain above our resistance . Then expect 7470 – 7510 today .
Banknifty update
Banknifty future tanked below 15000 as it tested 14985 . A good support in banking index future at 14900 . If bears break this and manage to sustain beneath our support . Then expect sellers to correct upto 14780 – 14650 today .
A good resistance in banknifty future at 15220 . If buyers break this and manage to sustain above our resistance . Then expect market to zoom upto 15370 – 15490 today .
Nifty Banknifty update conclusion : Trend is weak for now .
More will update to our trading tips subscribers