11:05 AM
alphaadvisory
Nifty - Technical View
For the day, Nifty may open flat note and it would test 5960 and 5940 levels. Breakout of 5940 level would invite an intraday selling pressure and then 5910/5885 is possible. On the higher side the resistance for the NIFTY is seen at 6005 and 6040 levels. One is advsied to note that technically, breakout of 5950 on weekly closing basis would invite heavy selling pressure and then 5835/5815 is possible.
Bank Nifty - Technical View
For the day, On the Higher side The BankNifty has resistance at 12650 and 12720 levels. Breakout of 12720 would invite the further intraday buying pressure and then 12780 is possible. On the lower side it has support at 12470 and 12410 levels.
For the day, Nifty may open flat note and it would test 5960 and 5940 levels. Breakout of 5940 level would invite an intraday selling pressure and then 5910/5885 is possible. On the higher side the resistance for the NIFTY is seen at 6005 and 6040 levels. One is advsied to note that technically, breakout of 5950 on weekly closing basis would invite heavy selling pressure and then 5835/5815 is possible.
Bank Nifty - Technical View
For the day, On the Higher side The BankNifty has resistance at 12650 and 12720 levels. Breakout of 12720 would invite the further intraday buying pressure and then 12780 is possible. On the lower side it has support at 12470 and 12410 levels.
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