Nifty levels
No rocket science that nifty future fired yesterday due to interest rate cut which came better than expected , nifty future recovered from 7705 and it made high 7969 full 270 points recovery from lowest level but it slipped 100 points from its high and closed at 7859 gaining 34 points from its mondat closing , now if nifty future click our resistance at 7926 and sustain above our resistance then expect nifty to fire upto 7970 – 8010 today
If nifty future click our technical support at 7820 and sustain below our trading support then expect market to correct upto 7780 – 7740 today
BankNifty levels
Banknifty future closed 1% up from its last closing at 17360 , now if nifty future click our resistance at 17520 and sustain above our resistance then expect market to fire upto 17660 – 17800 today
If banknifty future click our support at 17180 and sustain below our technical support then expect market to correct upto 17010 – 16880 today
Nifty Banknifty levels conclusion : Market trend turned positive due to firing but FII were sellers even in this major spike and good announcement from RBI so stay cautious on higher levels
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