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NSE:NIFTY   Nifty 50 Index
On 24th Feb. Nifty as well as Bank nifty posted massive losses due to global cues mainly impact of corona virus outbreak. Nifty down by 2.08% and Bank Nifty down by 1.58% from last week Thursday closing. Both break their 89 DMA and expect a huge short in coming sessions as well. Nifty next support will be 11710 ,11680 level where as strong resistance will be 11960. Bank Nifty next support will be 30160 ,30020 level and resistance will be 30870 level. As most of the Nifty 50 and Bank nifty stocks, MACD is negative try to avoid fresh buying.


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