Nifty view
Nifty future cracked yesterday . It could not sustain as we expected . Yesterday we anticipated that it may fall and you need to stay cautious . So now if nifty future click our resistance at 8030 and sustain above our intraday resistance then expect nse index to zoom upto 8070 – 8110 today .
If nifty future click our intraday support at 7950 and sustain below our intraday index support then expect market to correct upto 7910 – 7870 today .
BankNifty view
Banknifty cracked pretty hard yesterday . We initiated a sell call yesterday which fetched us 100 points in intraday trade . Today if banking index click our intraday support at 16920 and sustain below our major support then expect market to correct upto 16800 – 16700 today .
If banknifty future click our intraday resistance at 17320 and sustain above our intraday resistance then expect market to zoom upto 17450 – 17600 today .
Nifty BankNifty view conclusion : Market trend is weak for now so avoid buy
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