Nifty (18203) we said ‘the Nifty seems to be in trapped zone with a strong support of 17900 and resistance is at 18200’ the Nifty unfolded as expected and has closed in the green…technically now 18065 is a strong support zone to work with and upside to 18340 is possible as long as supports hold…
Bank Nifty (43969) we said ‘the Nifty Bank seems to be trapped between 42200 and 43500’ the Nifty bank too bounced back to close in the green…technically now 43565 is a strong support zone to work with and a new high is now possible as long as supports hold…