Immediate Target and resistance for
Nifty Spot 10440 / 10516-10529 -> 10343 must hold
Nifty Future 10465 / 10546-10559 -> 10364 must hold
Banknifty Spot 25191 / 25440-25479 -> 24879 must hold
Banknifty Future 25217 / 25468-25506 -> 24903 must hold
Other Targets later
Nifty very overbought in Hourly and Daily and hence may remain in 150-200 point trading range for sometime before breaking out again. The x-wave top of 10478.60 needs to be crossed once at least before 8 days maximum and moving above will bring in further highs.
Nifty Future (Bias - Positive)
Weak Below / Strong Above 10439.
Banknifty Future (Bias - Positive)
Weak Below / Strong Above 25155.