Update

As of now it seems sidewise market before resumption of uptrend .  Not much correction happening. Charts will change.

Update

Intraday Oversold for the indexes. Trendline yet to break. Exit shorts atleast.

Update on Banknifty Spot

Banknifty Spot on Hourly Support and if breaks likely to Target 22100-22200.

Update on Nifty

SBI Results might dominate today.  The Nifty Breakdown yesterday hasn't happened in Sensex yet.  So we have to keep our fingers crossed and wait to see what happens in next 1-2 days in Sensex!

Nifty and Banknifty Future Key Level(s) for 19th May, 2017

TRADE the Levels, Charts Can Adjust!

---------------------------------------------------------------------------------------------------------

Nifty Future (Bias - Negative) 

Trade This  [ 9396-9422 - (Must touch) - 9459-9486 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9552 .  

---------------------------------------------------------------------------------------------------------

Banknifty Future (Bias - Negative) 

Trade This  [ - 22611-22634 - (Must touch) -  22783-22805 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22789.  

---------------------------------------------------------------------------------------------------------

Nifty Future Volume Profile for the day

Points Mentioned in Chart.  Nifty Future looks oversold in short term and today might be a ranged day!