View for Tuesday
As predicted in previous post Fii may start short covering soon and today fii had covered short from index future. Overall data is still Bearish and more short covering possible in this week

#NIFTY50 nearby support at 16950 below 16950 nifty will try to touch 16895, 16850
No Longs below 16850
Nearby resistance at 17020-17040 above 17040 nifty will try to touch 17075
No Shorting above 17075

#NIFTYBANK nearby support at 39310 below 39310 Banknifty will try to touch 39130, 39030
No Longs below 39030
Nearby resistance at 39510-39550 above 39550 Banknifty will try to touch 39730-39760
No Shorting above 39760
All About Indices - chart - 43301782