Bank Nifty
Bank Nifty has a support at 38700, if Bank Nifty breaks it, Bank Nifty can fall till 38550. Once Bank Nifty sustains above 39000, it can test 39300.
Nifty
If Nifty opens above 17570 it can sustain and once Nifty breaks 17640 it can test 17725-17800. Nifty has a support 17460. Trading below 17460 can lead to further weakness and Nifty can test 17400, 17300.
Stocks to watch out.
1. Cholafin (LTP 675.70)
It made a new all time high in the last session and the volume activity shows the up move can continue till 750. It has a support at 622.
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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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