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Our analysis on Nifty and Bank Nifty for the next day is as given in the Youtube video.
- Bank Nifty has so far not broken 50 SMA since the Indian economy has opened up after lockdown.
- Bank Nifty has strong support at 33300 & 33000 and we expect Bank Nifty to hold it.
- We hope that the Nifty 14700 level is held else be ready for more fall. We want Nifty to remain above 50 Day Moving Average 14730 for the positive bias to remain maintained in the market.