Index has formed a 500 point range.
Immediate resistance at 33,000
If sustains and trades above it we may see a short covering till 33,300 to 33,600 levels.
Key support is placed at 32,250 / 32,000 level.
32,500 will act as an Intraday support if broken a short position for the downside targets of 32,250 / 32,000 can be considered.
Immediate resistance at 33,000
If sustains and trades above it we may see a short covering till 33,300 to 33,600 levels.
Key support is placed at 32,250 / 32,000 level.
32,500 will act as an Intraday support if broken a short position for the downside targets of 32,250 / 32,000 can be considered.
Comment:
BANK NIFTY take support 32500 and bounce 200 point up