Nifty view
Nifty future tanked more than 200 points yesterday on Greece issue however after europe future gave a smart recovery and made high of 8331, It finally closed at 8330 loosing 50 odd points from its last closing, now if future click our support of 8250 and manage sustain below our technical support today then expect nifty to correct upto 8200- 8160 today.
If nifty future click our resistance of 8391 and manage sustain above our technical resistance then expect future to fire upto 8430 – 8460 today.
Bank Nifty view
Bank Nifty future cracked pretty hard and made low of 17791 but it recovered smarty like nf 50 and made high of 18272 gave a final close at 18240 loosing almost 110 point from its last closing, now if banknifty future click our resistance of 18400 and manage sustain above our resistance then expect banknifty future to fire upto 18580 – 18700 today.
If banknifty future click our support of 18020 and sustain below our technical support today then expect future to correct upto 17900- 17780 today.
Market view conclusion : Market is weak but above resistance it may turn tables again. So keep an eye on our major resistance. These will be keys to buy.
Once our resistance is out and market sustain above our resistance. Then buy with stoploss of our major support. Market should fire above hurdle.
Currently world markets are still recovering from Greece fiasco but Indian markets seems to have digested this news and now discounted that factor. Now our domestic news will be in play so better follow levels.
Usd/Inr trading flat for now. Watch it for new highs and dollar is gaining in international market. Dollar may put more pressure in our markets. Else we see no news for any negative closing for now.
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