Good morning ๐Ÿ’š
Yesterday, the Nifty opened the day with a negative gap, extended the losses during the day. Post noon the Nifty displayed a strong pull back which recovered almost all the losses made during the day as the Nifty closed the day in the red.
For today, the Nifty is expected to open the day flat on global cues. Strong and immediate resistance is now at 17600. On the lower side, 17450 is the next important support. These will be the make-or-break levels for the day. With the long weekend ahead we will have low volumes but the weekly expiry would bring in high volatility. Keep a low profile for the day.
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For the Bank Nifty, immediate and crucial support is now at 37400. On the higher side the immediate resistance is at 38000 above which the Bulls will be in complete control. These will be the make-or-break levels for the day.
Wishing you a profitable day ahead!!