Update on Nifty and Banknifty Spot

EOD close and sustainence below 10381 will be interim weakness for Nifty Spot.
EOD close and sustainence below @25120 will be interim weakness for Banknifty Spot.
Yes overbought situation needed some management.

Gann Gyan

10350-10426 zone needs a bit more consolidation for 10600 plus for Nifty

25100-25350 zone needs a bit more consolidation for 25700 plus for Banknifty.

Intraday 11-4-2018

Nifty Future (Bias - Positive)


Weak Below / Strong Above 10439. 


Banknifty Future  (Bias - Positive)


Weak Below / Strong Above 25290.  

Update on Nifty Spot

10442 is the Critical resistance for Nifty Spot for the Month and Nifty is quite overbought. So sidewise to high volatility expected for next 2-4 days till the OB is somewhat neutralized.  Now the index is "buy on dips" clearly. 10479 plus sustenance is key from here.