*INDEX - Update *
*Nifty 50*
In last trading session Nifty made high 11725, low 11557 and closed at 11669. We witnessed volatile session in the market , but in the end it recovered from the lower levels.
Now on the upside Nifty has resistance in the range of 11750-11800, if it sustain above that then it can move up to 11950, on the downside Nifty has important support at 11530 , which its 50 DEMA, if it trade below that then it can slide up to 11200.
*Bank nifty *
In last trading session Banknifty made high 25139, low 24120 and closed at 24892. Banknifty took support near its 200 DEMA , which is placed near 23600 and we saw some buying in the market .
Now on the upside the range of 25200-25250 will play as an important resistance , if it sustain above that then it can move up to 26400, on the downside 23600 act as a strong support , which its 200 DEMA , if it closed below that then it can slide up to 22200.
Disclaimer-Educational purpose only.