Nifty Future has found support at 5483 levels. Breaking yesterday"s high Nifty will test the 5555 levels. Nifty has to close above 5538 level for bulls" to have any hope.
Supports – 5483 / 5462
Resistances – 5507 / 5527 / 5560
Bank Nifty future (Refer Chart - Bank Nifty)
The important level for Bank Nifty is 10900. If it trades below 10900, then it should be taken as an indication of weakness. The levels of 10810 are double bottom for Bank Nifty, breaking below this level will add more strength to bears in market.
Supports – 10743 / 10695
Resistances – 10890 / 10940
Intra day calls
Buy above Rs 1302
Stop loss at Rs 1295
Target price of Rs 1320
Buy at Rs 945
Stop loss at Rs 957
Target price of Rs 929
Rajesh V. Ravanappan is a practitioner of technical analysis. He has eight years of experience in the share broking industry. He is a contributing writer for www.www.goodreturns.in. You can contact him at firstname.lastname@example.org
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