Nifty (16523) we said ’technically 16700 is stiff resistance and good above it and breach of 16500 will bring down the Nifty’ the Nifty traded sluggish and has closed above the crucial 16500 zone…technically now if it crosses 16700 then the next logical target would be 16925…
Bank Nifty (35621) we said ‘technically 35880 is a stiff resistance to deal with’ the Nifty Bank opened lower and climbed up to close in the green but has closed below 35800…technically I would say 35200 is a strong support zone to work with and upside to 36500 is a possibility as long as 35200 holds…