Monday, March 26, 2018

EOD 26-3-2018 - Nifty and Banknifty Spot

Nifty will face resistance near 10160 and tomorrow itself if it crosses 10228 some bullish charting will have to be drawn else Nifty is giving a corrective rally and will attempt to retest the lows or nearby sometime next month.

Banknifty will face resistance near 24300 and tomorrow itself if it crosses 24460 some bullish charting will have to be drawn else Banknifty is giving a corrective rally and will attempt to retest the lows or nearby sometime next month.


Update on Nifty and Banknifty Spot

Next critical levels for Nifty will be 10151 and 10213 and 
Next critical levels for Banknifty will be 24142 and 24308
Let's see thereafter

Nifty and Banknifty Update

Previous Support is now resistance for Nifty Spot on the closing basis. 10090-10110 range. Previous Support is now resistance for Banknifty Spot on the closing basis. 24000-24100 range.

Update on Banknifty Spot (Without charts)

A five wave fall from 25009.65 to the day's low completed today (Likely).  If so, it retracement time and 23886-23937 crucial initially, we can review thereafter! The fall duration has been 9 days. The last week's high low is critical i.e.  24,588.05 - 23,605.60 , if breached on Eod close basis!

Update on Nifty Spot

A five wave fall from 10478.60 to the day's low completed today (Likely).  If so, it retracement time and 10056-10075 crucial initially, we can review thereafter! The fall duration has been 9 days. The last week's high low is critical i.e. 10227.35 - 9951.90, if breached on Eod close basis!

Intraday 26-3-2018

Nifty Future (Bias - Negative) 


Weak Below / Strong Above 9973.


Banknifty Future  (Bias - Negative


Weak Below / Strong Above 23636.  
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