Tuesday, 29 August 2017

NIFTY and BANK NIFTY TECHNICAL VIEW = 30/8/17

Nifty 50.
  • Big sell candle. (-117 Points)
  • Resistance 9860 support at 9780. pivot 9816. Yesterday low 9873.
  • US market moved up, will create confusion 
  • Gap up open possible.
  • First choice, Try to go short at 9860 levels with stop at 9880 levels.
Bank Nifty

  • Big sell candle (-248 Points)
  • Resistance 24240- 24250 levels support at 24080 pivot 24170.
  • Try to go short around 24220-24250 levels if gap open happens with stop at 24310.

Since 2 trading days left in this series, may be, market try to trade lower and try to move in the next series.

Good luck...   Let see in the live market ...

Yours
Zen Trader

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