NIFTY
Nifty Support at 8540 and Resistance at 8850
Break and sustain below 8540 will take it to 8450--8400 mark else could test its resistance level of 8850.
Further upside rally will see only close above 8850.
BANK NIFTY
Bank Nifty Support at 18870--18850 and Resistance at 19300.
Break and sustain below 18870 will take it io 18600---18350 mark else could test its resistance level of 19300.
Further upside rally will see only close above 19300.
TECHNICAL PICK
On Friday we have seen 7.5 % Jump in L&T HF ,
Now what to expect ??
Support at 90 and Resistance at 100
Above 100 will see sharp upside rally till 115--120 mark in days to come.
Looks weak below 90,
Trading recommendation - Buy above 100
Stop loss 90
Target 115--120+
Lot Size - 9000
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