Update on Indexes

Banknifty Spot Support looks lower at trendline may be 25300-25400 expected and we can see what to do at trendline support! Nifty accordingly may fall more.

10490-10600 range is a very strong Gann Support as well for Nifty Spot.
25350-25700 range is a very strong Gann Support as well for Banknifty Spot.


Nifty / Banknifty May reverse from here as well if they hold 10600 / 25790 respectively.

Update on Key Indexes - Nifty and Banknifty

As of now doesn't seem to have hit the bottom. Probably a Diamond diametric or extracting triangle being formed. 10600 around is a potential support and trend reversal zone. As of now sell the rallies unless we get a change of bias.

Intraday 18-5-2018

Nifty Future (Bias - Negative) 


Weak Below / Strong Above 10665.  


Banknifty Future  (Bias - Negative)



Weak Below / Strong Above 25981.