Today also nifty traded in a range bound manner and closed near to resistance. We saw a green candle on chart. Contract of July is going to expire tomorrow. We found a tight range of 8665 to 8570. Positive move was seen in the last trading hour where nifty moved for 32 points. Overall it was a positive day before the expiry of July contract. We are expecting a little down side for tomorrow’s session. Here the major support will be at 8540 and the resistance will be at 8665
Bank Nifty formed a Doji candle for the day which turned red at the end of the day. On the major frame we can see a triangle formation on the chart. Which indicates a little upside in prices for the coming trading session. Where we found today prices closed on resistance & the possibility of prices to move up increases more. On lower side 18850 is a important support and 19140 will be resistance for Bank Nifty.
|Nifty Day Performance|