Nifty
Weekly Support: 22000
Weekly Resistance: 22600–23000
Trend: Bullish
The Nifty has failed to cross and move above 22550 for the last 5 weeks, making 22550 a strong resistance. A break above this will stop only at 23000.
BankNifty
Weekly Support: 47900 => 46650
Weekly Resistance: 48900
Trend: May Reverse to Bearish
BankNifty had a conical breakout and may consolidate around 48850.
FINNIFTY
Weekly Support: 21800
Weekly Resistance: 21100
Trend: May Reverse to Bearish
Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
By Sathish Kavinchal
SEBI Registered Research Analyst
INH200007539
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