*INDEX- Update *
*Nifty 50*
In last trading session Nifty made high 12132, low 12027 and closed at 12120. Nifty has given Flag pattern breakout on the daily chart.
Now Nifty can test its all time high of 12430 soon, thus any correction would be a good buying opportunity, on the downside the range of 11950-11900 will play as an important support for the immediate term.
*Banknifty*
In last trading session Banknifty made high 26375, low 26000 and closed at 26311, we witnessed continued buying in the market and Banknifty reached near our target of 26400.
Now if Banknifty closed above 26400 then it can move up to 27750, on the downside the range of 25200-25250 will play as an important support for the immediate, however the 23600 will be a strong support for the short term.
Disclaimer-Educational purpose only.