Market View: The US markets moved higher. The European market | STOCKS INTRADAY BANKNIFTY OPTIONS

Market View:

The US markets moved higher. The European markets fell yesterday.

The Asian markets are trading higher. The U.S. Futures and the European futures are trading higher.

NIFTY has supports at 15,500, 15390 and 15,315. We can expect resistances at 15,630, 15,690 and 15,780.

BANK NIFTY has supports at 33,000, 32,700 and 32,500. Resistances are at 33,300, 33,500 and 33,700.

NIFTY will be at a crucial zone if there is up-move in the coming days as 15,900 marks the beginning of the gap-filling. The US markets are favourable though the European markets are not. How the week closes will be crucial for NIFTY as a failure to begin gap-filling may lead to another round of sell-off.

We will be closely watching 15,500 on the downside and 15,700 on the upside.