Nifty opened with a minor gap-up and initially, it was trading in a short-range. It broke our sell level of 17340 around 12:15 PM and Targets of 17300 and 17260 were achieved. Nifty had support at 17250 as we updated, we saw a good bounce from that zone.
Today, BankNifty outperformed Nifty, and tomorrow we expect another up-move in Nifty if it sustains above 17400 levels.
Expectations for Tomorrow: Range-bound day, Volatility after 1:00 PM.
Intraday Levels:
Buy Above - 17400
Sell Below - 17300
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InvestPro India Team
Today, BankNifty outperformed Nifty, and tomorrow we expect another up-move in Nifty if it sustains above 17400 levels.
Expectations for Tomorrow: Range-bound day, Volatility after 1:00 PM.
Intraday Levels:
Buy Above - 17400
Sell Below - 17300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
17340 - 17330 is acting as support.