Nifty Future
had seen sharp down fall after RBI monetary policy and closed near to its days low. Its down fall might continue in coming trading session. Tomorrow being an off, Thursday which is the January expiry would be the next trading session so we may see highly volatile session in coming trading day. One should adopt the strategy of selling at higher levels. Support for Nifty Future is at 5668/5628 and Resistance is at 5760/5800 levels.
RESISTANCE: It has first resistance close to the level of 5760 & above this level the next resistance is seen near the 5800 mark.
SUPPORT: It has first support close to the level of 5668 & below this level the next support is seen near 5628 mark.
Nifty Tips (Trading Recommendation) : Sell Below 5665 TG-5645-5630 SL-5690
Bank Nifty
Future also saw sharp down fall. Its down fall will continue in next trading session. If Bank Nifty Breaks 11744 level we can see some correction in it. One should wait for proper break out on either side Support for Bank Nifty 10800/10744 Resistance is at 11185/11325 levels.
RESISTANCE: It has first resistance close to the level of 11185 & above this level the next resistance is seen near the 11325 mark.
SUPPORT: It has first support close to the level of 10800 & below this level the next support is seen near 10744 marks.
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