As discussed in last report that Nifty may face PRZ 8550.
Nifty taken Resistance from 8550 and support before 8460 yesterday.
Now for Next Resistance to cross nifty should sustain above 8550.
Intraday support-8510/8500
posistional support -8470
Resistance-8585/8625/8700
BankNifty>>>
As discussed 11th july report click here that lower level target was 18300/18450
and Higher level target was 19200.BN almost achieved 18450.
What Next?
Now BN may face PRZ(Potential Reversal Zone) of 18850-18950 to cross for
Traget of 19100/19250.
Intraday Support-18750
Positional support-18600
Resistance-18850-18950(PRZ)/19100/19250
PRZ (Potential Reversal Zone) ,doesn't mean that Nifty/BN Reversal from PRZ.
It may or may not be.It is just a cluster Resistance Zone.
Note-The above is my personal view for Educational Purpose Only.Read Disclaimer.
Nifty taken Resistance from 8550 and support before 8460 yesterday.
Now for Next Resistance to cross nifty should sustain above 8550.
Intraday support-8510/8500
posistional support -8470
Resistance-8585/8625/8700
BankNifty>>>
As discussed 11th july report click here that lower level target was 18300/18450
and Higher level target was 19200.BN almost achieved 18450.
What Next?
Now BN may face PRZ(Potential Reversal Zone) of 18850-18950 to cross for
Traget of 19100/19250.
Intraday Support-18750
Positional support-18600
Resistance-18850-18950(PRZ)/19100/19250
PRZ (Potential Reversal Zone) ,doesn't mean that Nifty/BN Reversal from PRZ.
It may or may not be.It is just a cluster Resistance Zone.
Note-The above is my personal view for Educational Purpose Only.Read Disclaimer.
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