Here is the today’s streetView update, Let’s checkout
Global cues for today : Major global indices were up as of yesterday, US Markets, European markets and Asian markets closed positive as Russia pledges to scale down attack on Kyiv, Falling Crudeoil Prices.
SGX Nifty trading at 17590 levels indicating positive opening for Indian indexes.
Crude Oil trading flat after yesterday’s decline, Gold is trading higher where as US Dollar is trading slightly lower in early hour trades.
Technicals for indices Futures :
Nifty Futures opened higher yesterday with Gap up holding previous gains and closed the day with positive Note. Nifty Future has given close just below its resistance of at 17380-17400 Levels. For today Nifty may face resistance at 17390-17420, 17508-17538, 17880-17910 Levels and Support may come close to 17300-17270, 17170-17140 Levels.
Bank Nifty Futures managed to hold its support levels in yesterday’s trade so it may remain strong today as long it holds lower level supports. Resistance may come at 36220-36270, 36800-36850 Levels and support may come close to 35850-35800, 35550-35500 Levels. Break below 35500 Levels can change the sentiments to bearish.
Here are the charts of both the indices :
Bank Nifty Chart
Disclaimer: The views are in line with the pure chart study, no pre-defined geopolitical factors are considered. Also, we strictly advise not to take any positions just based on the above views. For regular intraday recommendations, you must have our premium subscription.