GOOD MORNING TRADERS
Yesterday, the Nifty opened the day with a huge negative gap. But the Bulls were in action from the first minute as the Nifty kept on making higher tops and higher bottoms to close the day above important supports making themselves comfortable for the next day’s action.
For today, the Nifty is expected to open the day with a positive bias on global cues. Immediate support is at 15700 above which the bulls will rule the markets. On the higher side immediate resistance is at 15825 above which the Nifty would be heading to test 15900 in the days to come. Further updates during live market hours on our Telegram channel.
For the Bank Nifty, immediate support is at 34650. Now till the time this level is protected the Bulls will command and 35100 and 35300 should be tested.
Wishing you a profitable day ahead!!!