Nifty post negative opening and initially testing its support zone of 18367 rebounded but only to face resistance at higher levels of 18450-18500 & fell sharply towards 18250. Now what should be the next course of action? Technically the Index looks for a further correction but 18230-18267 is a very vital support zone & a bounce back from this level is eminent. But if the Index sustains below 18250 then it can shed till 18210-18180.
KEY SUPPORT
18247
KEY RESISTANCE
18447-18512
BANK NIFTY FUT
0
Bank nifty yet again today withheld our support zone of 39300 & by making lows of 39394.85 bounced back sharply towards immediate resistance zone of 39900. Technically he Index holds strong support at 39300 & if it sustains below that it can show levels of 39100-38750 but on the upside if it sustains above 39785 it can show levels of 39974-40075