Deepak
Deepak
Index level for 16 May
Nifty Future closed at 11177
Resistance at 11240 / 11280
Support at 11110 / 11065
View: - Nifty had a inside day yesterday, break of lows of 14th May will be watched. If we see a reversal from there then fine. Else we are going down to lower levels. Charts are reflecting more weakness with Sellers in control where as Data is pointing to a relief rally.
View to be reviewed post open / mid session again.
BankNifty Future closed at 28666
Resistance at 28890/ 29020
Support at 28420 / 28300
View:- BankNifty which was holding on thru the fall has now turned weaker and has already broken the lows f 14th May. Now all depends on Nifty, if it sees a followup selling post break of 14th Low then BNF likely to test the support levels for today.
View to be reviewed post open / mid session again.
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