Nifty future saw healthy recovery and closed near to its resistance levels. As we previously mentioned that if it sustains above 6100 level it can take more up move. We can see some more up moves till 6250 level, one should adopt the strategy of buy on dips. Resistance for Nifty future is at 6215/6320 and support is at 6100/6062 levels.
RESISTANCE: It has first resistance close to the level of 6215 & above this level the next resistance is seen near the 6320 mark.
SUPPORT: It has first support close to the level of 6100 & below this level the next support is seen near 6062 mark.
Bank nifty broke its long consolidation phase, it is good sign of recovery. And closed near to its day's high of 11875. If it sustain above 11875 level we can see some more up move till 12050 levels. One should adopt the strategy of buy on dip. Resistance for bank nifty is at 11927/12050 and support is at 11680/11575.
RESISTANCE: It has first resistance close to the level of 11927 & above this level the next resistance is seen near the 12050 mark.
SUPPORT: It has first support close to the level of 11680 & below this level the next support is seen near 11575 mark.
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