Nifty view
Same story today . Market opened gapdown and now stuck in a small range . Nifty opened lower and trading near its low at 7920 . Good support today stands at 7890 . If market break this and sustain below our technical support then expect index to favor sellers upto 7850 – 7810 today .
If index future click our technical resistance at 7980 and sustain above our intraday resistance then expect nifty to zoom upto 8030 – 8070 today .
Banknifty levels
Banking index future also trading lower today . Currently trading at 17241 . Good technical support today at 17150 . If market break this and sustain below our intraday support then expect good day ahead for bears upto 17020 – 16900 today .
If banknifty future break our technical resistance at 17390 and sustain above our technical hurdle then expect some recovery upto 17500 – 17660 today in market .
Nifty banknifty view conclusion : Market trend is weak to flat . Follow levels .
More will update to our trading tips subscribers