As I was continuously saying that Nifty have a strong support near 17980-18050 & an eminent bounce back is possible. Nifty has given strong bounce back towards Resistance zone of 18400. Now going forward we can see the Index gaining fresh momentum above 18400 towards 18435-18475 with support placed at 18345.
KEY SUPPORT
18247
KEY RESISTANCE
18505-18552
BANK NIFTY FUT
0
Bank Nifty Post Yesterday’s huge run up cooled a bit & tested its immediate support zone of 40800-40900 & bounced back sharply to close the day near Resistance zone of 41500-41600.Now going forward we can see the Index scalping towards 42000 once it sustains above 41630.