Nifty again in range bound trade facing resistance at the top predicted in yesterday’s BLOG . Again Nifty may face resistance at top and trade in  range .

Support and Resistance for tomorrow

SUPPORT – 11843-11809

RESISTANCE- 11940-11986

Derivative analysis of weekly data shows support at 11800 and resistance at 12000.

Bank Nifty shows some strength in the early hours of trade and face resistance at the top predicted in yesterday’s BLOG. Bank Nifty showing strength in charts and if trade above 31200 for some time than may test 31500+ levels . Bank Nifty having +ve divergence.

Support and Resistance for tomorrow

SUPPORT- 30775-30625

RESISTANCE- 31202-31523

Derivative analysis of weekly data shows support at 30500 and resistance at 31500.

 

Financial  

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