Nifty Technical Analysis
Nifty close 8545 which is below 13 days EMA. Moving ahead, the Nifty Index may head towards the target of 8461, which around the 29 EMA. Nifty has a major resistance at 8600. A break above the stated level could trigger more gains and might call for a trend reversal. The next resistance in that case would be around the 8642-8696 levels on higher side.
Bank Nifty Technical Analysis
Bank Nifty Close 18602 , Today is the 1st day where bank nifty may cross 4 EMA to 13 EMA from top to bottom which indicate downward trend continuation till 3% to 5 % from the current level. A Near term support can be seen at 18473 as per my last post. Bank Nifty has resistance around the 18755 level, and it is crossed with sufficient volume then we can see 19000 levels again in the near term.
We can see high volatility trades in intraday so trader must keep stop loss for every trade.
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