Nifty making another higher high as expected and facing resistance at the perfect level given in previous BLOG i.e. 12034 and making a high of 12034.15 correcting to the level of 11888.75 .
In daily candle nifty forming a EVENING STAR pattern which is bearish still there is a support if 11855 and 11843 if nifty breaks below this level then we anticipate further lower targets for nifty are 11604 and 11491 . Indices are in sell on rise .
Support and resistance levels for today
SUPPORT – 11855-11843
Bank nifty is also facing perfect resistance on Friday as we mentioned in previous BLOG i.e. 31080 and Bank Nifty making high of 31108.40 and correcting back to the levels of 30680.90
In daily charts Bank Nifty is forming SHOOTING STAR which is indecisive candle stick pattern .
Bank Nifty is not looking so week as of Nifty in the charts . support and resistance levels for today .
SUPPORT- 30469- 30297
RESISTANCE- 31015 – 31159