Yesterday, Nifty Future was trending in the narrow range of 150 points. Nifty Future has immediate support at 5525 levels. Bullish sentiment will only be there above 5590 levels.
Supports – 5540 / 5506
Resistances – 5590 / 5611 / 5645
Bank Nifty (Refer Chart - Bank Nifty)
Bank Nifty will have immediate support at 11010 levels; but only if it trades above 11160 levels will the index give strength to bulls.
Supports – 11070 / 11020 / 10940
Resistances – 11160 / 11205 / 11285
Intra day calls
Buy above Rs 422
Stop loss at Rs 429
Target price of Rs 412
Buy at Rs 86.20
Stop loss at Rs 85.30
Target price of Rs 87/87.70/88.75
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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