After the super move yesterday which was a big surprise, we should expect a range day. Today is also weekly expiry here some volatility should be expected.
We have been saying consistently that moving above 18114 is tough but bulls will sustain above it and we may see new highs by Diwali
Nifty. Support is seen at 17900 and 17850 eith resistance at 18114.
BankNifty. It is in a league of its own but supports are placed at 41000 and resistance at 41830.
Derivative. Data is poor and slowly increasing on the weaker side. It means caution at higher levels. Hence fresh buying is advised only on dips or when the index breaks 18114.
We have been saying consistently that moving above 18114 is tough but bulls will sustain above it and we may see new highs by Diwali
Nifty. Support is seen at 17900 and 17850 eith resistance at 18114.
BankNifty. It is in a league of its own but supports are placed at 41000 and resistance at 41830.
Derivative. Data is poor and slowly increasing on the weaker side. It means caution at higher levels. Hence fresh buying is advised only on dips or when the index breaks 18114.
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