Nifty
It has a support in the range of 17150-17160. If Nifty opens above 17240 it can test 17340-17400. If Nifty breaks 17100 it can fall till 17000.
Bank Nifty
If Bank Nifty breaks 38080, it can test 38250-38350. Trading below 37800 can lead to further weakness till 37500.
Stocks to watch out
1. Heromotocorp (LTP 2648.05)
It closed below a support. If it breaks 2625, it can fall till 2560. It has a resistance at 2650.
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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.
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