Niftyfuture-
In the previous week, I expected the Niftyfut to fluctuate from 50 to 70 points. Movement just like the guess. Did not hit the top of 10750 or did not even finish below 10500. But, where closed, it is the middle point. The last 5 days candlestick says that the criterion buyers or dealers are not confident at all. At the beginning of the week, the Reserve Bank of India's board meeting on Monday. Immediately there may be some big movement. But it is better to not be in the long-term trade for the next week on the basis of that immediate big move. Since we are trend flowers, so be neutral In this situation, the daily trade will be done in the end of the day.Resistance for the coming week is- 10725-10750-10850-10980 Support-10500-10475-10340-10225.
In the previous week, I expected the Niftyfut to fluctuate from 50 to 70 points. Movement just like the guess. Did not hit the top of 10750 or did not even finish below 10500. But, where closed, it is the middle point. The last 5 days candlestick says that the criterion buyers or dealers are not confident at all. At the beginning of the week, the Reserve Bank of India's board meeting on Monday. Immediately there may be some big movement. But it is better to not be in the long-term trade for the next week on the basis of that immediate big move. Since we are trend flowers, so be neutral In this situation, the daily trade will be done in the end of the day.Resistance for the coming week is- 10725-10750-10850-10980 Support-10500-10475-10340-10225.Banknifty Future
Bank Nifty is closed by crossing weekly resistance 26150. One of the reasons the Niftyfut did not come down yet is the positive support of Bankniftyfut. Even the 650 points rise in last week's closing price, if there is any negative impact on the board meeting of the Reserve Bank of India on Monday, Then the market will move quickly to downwards. Remember that last week last-day candlestick bearish.
Resistance 26400-26750-26825-27300, Support 26150-25950-25500-25000.
Resistance 26400-26750-26825-27300, Support 26150-25950-25500-25000.
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