Positive RSI divergence on daily charts. Bullish Engulfing on Weekly charts. Immediate Support at 25210 / 25060 Immediate Resistance at 25420 / 25700
BANKNIFTY broke through all major resistances today. All have turned as supports for now. Here's the setup for tomorrow Supports - 25165 / 25025 Resistances - 25315 / 25440
very imp support at 285 small trade can be taken with 295 sl for 310/317
Levels metioned in Chart. Short on Break Below - 2483. T1- 2362 T2- 2158
Resistance at 24715 / 24840 / 25040 Support at 24500 / 24380 / 24250
SUNPHARMA SELL IN THE LINE -- Sell Below 609 and SL at forward cross line
NIFTY 50 at it's crucial support point since April 2016 Must watch what happens
from last three weeks price is not able to break 16190 on closing basis continuous rejection on higher level short with 16000 sl for 15355
IF nifty sustain below 11800 then we have direct next support near 11400...be careful bull player Study purpose only
major breakdown below 1005 short below 1005 for 1st target of 880 if closes above 1040 short will be invalid