Nifty taking dip for the day sustained on the support handle of 8610. Index seems to be on very delicate hairline support which can be broken on tomorrow’s opening. It’s better to take a sell position for index. The shadow of dawn fall can come till the level of 8550 and 8430. For the up side 8710 will be the first resistance.
After a long consistence up move today we saw a correction in the prices of banking index. Bank nifty opened@ 19451 and closed red at 19350 while made the low of 19252. This down side can pull the prices for the handle of 19060 so if tomorrow we found opening to be red it would be suggested to sit on selling side.
|Nifty Day Performance|