Nifty Closed at 17359.75 (279.05) (1.63%)
Pin Points on Today’s Market:
Nifty and Bank Nifty closed Positive. After Gap Up Opening Nifty and Bank Nifty keep on moving up and remain positive throughout the day. Both Index are very close to positional resistance Level breakout of this level can give more upside movement. Bank Nifty is to give Breakout of Weekly Inside Bar, and currently has formed Double TOP @40690. Both Index have formed Higher High and Higher Low formation on Daily and Weekly.
Support Resistance based Open Interest Activity for Tomorrow
| Resistance | 17600, 17700 |
| Support | 17200, 17000 |
Technical Levels For Trading Nifty Tomorrow
| Breakdown Below: 17335 | Resistance: 17425, 17485, 17575 |
| Breakout Above: 17380 | Support: 17290, 17230, 17140 |
Bank Nifty Closed at 40608.65 (698.50) (1.75%)
Support Resistance based Open Interest Activity for Tomorrow
| Resistance | 41000, 41300 |
| Support | 40400, 40000 |
Technical Levels For Trading Bank Nifty Tomorrow
| Breakdown Below: 40550 | Resistance: 40770, 40985, 41235 |
| Breakout Above: 40650 | Support: 40425, 40210, 39960 |
Stock to Keep Watch for Tomorrow
| Name | Buy | Sell |
|---|---|---|
| GRASIM | Yes | |
| HINDCOPPER | Yes | |
| PFC | Yes | |
| SBILIFE | Yes | |
| RAIN | Yes | |
| CROMPTON | Yes | |
| CONCOR | Yes | |
| HCLTECH | Yes | |
| GODREJPROP | Yes |
Buy if today’s price crosses yesterday’s high, sell if it crosses yesterday’s low.
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Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein.
