Good Morning Family
Global markets are suggesting Gap Up opening of Indian market.
Friday's session again we have witnessed aggressive sellers in index draging down borader market. Despite a good selling the options premiums are very low.
In smaller timeframe both nifty and banknifty can go sideways after a morning upmove whereas higher timeframe is suggesting Banknifty taking support with Nifty making a retest of 18475 which is roughly 100 point down from opening levels.
On charts, both the index are overall positive.
Do Will wait for first few minutes for some price action to show trend today before entering into any trade as the primary view is of sideways market.
Here are the levels
#Nifty
Support: 18475₹ - 18425₹
Resistance: 18675₹- 18720₹
#Banknifty
Support: 43840₹ - 43700₹
Resistance: 44350₹ - 44450₹
