Intraday Technicals
Nifty fut. 4960
Open High level of 4983 holds strong as Nifty declines towards 4930 /4900 levels. Intraday traders may continue their short positions maintain Stop Loss @ 4985 levels for the day. Resistance level intact at 4985 /5005 & Support levels at 4930 /4900 for the rest of the session.
Bank Nifty fut. 8970
Upside momentum likely to resume ONLY above 9150 levels in Bank Nifty fut as it declines towards 8850 level. Traders are advised to trade with negative bias so long as 9150 levels is not breached on the upside. Support levels revised to 8850 /8800 & Resistance levels at 9150 /9200 for rest of the session.
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