Nifty Outlook
Indian equities started with a negative note on the back of weak global cues.
On the lower end price found support above 8090 whereas on the higher end price failed to move above 8140. In the daily chart an upper wick formation suggests profit taking at the higher levels. Tomorrow, price may remain volatile with supports are pegged at 8080; decisive breakdown below 8080 may trigger a deeper correction in the market. On the higher end price may find resistance at 8150/8225.
Bank Nifty Future Outlook
Price started on a negative note and remained volatile throughout the trading session.
On the higher end price found resistance around 17700 whereas on the lower end price found support at 17500. Tomorrow, on the lower end price may find support at 17450; sustained trades below 17450 may trigger a correction towards 17150/17000. On the higher end price has resistance at 17750/18000.
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