Yesterday... we have seen positive momentum in Nifty and
Bank Nifty. Our upper side target of 7930---7955 and 17025 almost achieved
successfully. Market remain volatile and trade with thin volume on account of
Christmas and New year.
Again reliance sector performed very well in yesterday's
trading session. Hope you all are holding long.
Now what to expect???
Nifty future has support at 7890 and resistance at 7955.
Once break and close with volume will take to 8030---8080 and then to 8250+
mark in days to come else it could test its support level of 7890 again.
Below 7890... will see sharp downside panic till 7840---7805
and then to 7770. More and more panic will see only close below 7740 mark.
While Bank Nifty has support at 16880 and resistance at 17030. Break and sustain + close above 17030 will see sharp upside rally till 17180---17250 and then to 17400+ mark in days to come
Below 16880.... will see sharp downside panic till
16730---16650. More and more panic will see only weekly close below 16500 mark.
Traders can trade with levels only as today we will expect
high volatility in Nifty and Bank Nifty.
Today's Top pick
Bharti Airtel future... Support at 330 and resistance at 337. Above
337... Catch it. We will see sharp upside rally till 345---348+ mark. Ultimate
target intact 380+
More will be update soon during market hours only on Android
App.
