Nifty (19428) we said ‘the Nifty has managed to stay above the 19500 zones and so an upside to 19700 is a possibility as long as 17500 holds’ the Nifty breached the 17500 mark and showed its chink in the armour and so I would now view 19650 as a stiff resistance and a slide to 19300 a possibility…
Bank Nifty (44199) we said ‘the Nifty bank is trading lower and so now 45500 become a resistance to deal with’ the Nifty bank unfolded as expected and closed in the red…technically 45000 is a stiff resistance to deal with and a slide to 43800 is a possibility…