Update on Banknifty

Banknifty is overbought in Hourly and Daily.  ICICI Bank results will come in post-market.

Update on the Indexes - Nifty and Banknifty Spot!

Nifty Spot Formed a Narrow range last week and 10787-10807 will provide strong resistance this week and 100570-10600 will provide strong support. 10694 is the positive/negative borderline.

Banknifty Spot Formed a Narrow range last week and 25720-25800 will provide strong resistance this week and 25460-25540 will provide strong support. 25591 is the positive/negative borderline.

Karnataka Elections might help the Indexes to break the shackles!

Update on Indexes - Nifty and Banknifty Spot

Both Indexes likely to move up with some intraday selling from here and is likely to hold  10600 and 25500 respectively.

Intraday 7-5-2018

Nifty Future (Bias - Negative) 


Weak Below / Strong Above 10683.  



Banknifty Future  (Bias - Positive)


Weak Below / Strong Above 25761.