Nifty
Nifty immediately saw sell of after opening flat. Now, Nifty has a support at 17880, if Nifty breaks it, Nifty can fall till 17800. If Nifty opens above 17960 it can remain sideways and range could be 17880-18025 (small range) and 17800-18100 (medium range).
Bank Nifty
Bank Nifty bounced from the support level mentioned in yesterday's blog. If Bank Nifty opens above 38100-38130, then it can remain sideways with support at 37800 and resistance at 38300. But after a gap down opening if Bank Nifty convincingly breaks 37800 it can fall till 37600 as the support is already tested once.
Stocks to watch out
1. NAM India (LTP 360.25)
Nam India managed to gain 1.45% and formed a good bullish candle near support. Once Nam India starts trading above 361, it can go till 370, 372.50. It has a support at 350.
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Disclaimer
All the information is from source deemed to be reliable but there is no guarantee to the accuracy. Information is for EDUCATIONAL PURPOSES ONLY and is not intended to give specific trading or investment advice. past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before trading or investing. Opinions are given based on widely-accepted methods of technical analysis other methods of analysis. No specific recommendation is given to buy, hold or sell of these markets/securities or exchange traded funds related to these markets.You agree that Aman Agrawal, Stocks by Aman, or anyone associated with them SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES.
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