How Nifty & Bank Nifty Will Move Today …

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CNX Nifty

Synopsis

• Nifty Opened on a positive note, however faced selling pressure from higher levels closing 0.5% negative for the day.
• Going Forward, Till Index holds 7710 zone, could further move upto 7785-7795.
• If breaks & sustains below 7710, can retest support zone of 7680- 7670.
• Daily momentum is in negative territory while Weekly momentum is in positive territory indicating Index to trade in a broad range of 7,710-7,795.

Bank Nifty Spot

Synopsis

• Bank Nifty Opened on a positive note, however faced selling pressure from higher levels closing 0.75% negative for the day.
• Going Forward, Till Index holds 15,050 zone, could further move upto 15,450-15,500.
• If breaks & sustains below 15,050, can retest support zone of 14,800-14,750.
• Daily momentum is in negative territory while Weekly momentum is in positive territory indicating Index to trade in a broad range of 14,950-15,500.

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