Nifty To touch 23000 or Return to 22000?
*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.
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.