Nifty EOD Update

As discussed in the previous Analysis report that Nifty support at 8300/8290 and

8260/8230.

Nifty made a low of 8287 on Friday close to our support of 8290 and Bounce today.

Now Nifty close near 8467,which is very close to our mentioned lower level of the

zone 8500.

As mentioned in previous report that Nifty now enter the  Zone which Lower level is

 8500 and Higher level 8700.

What Next?

As Nifty almost reached at our lower level 8500.If Nifty sustained above 8460 and

respect the intraday support of 8436/8380 then Nifty next Resistance at 8550/8625.

Intraday Support-8436/8380

Positional Support-8300

BankNifty>>

As said in earlier report that support at 17900,BN made low of 17910 on Friday

and Reached today our Resistance Zone at 18300/18450.

As discussed on 2nd July report click here that BN Lower level Zone is  18300/18450

and Higher level as 19200.

Now BN intraday suport at 18160 and Resistance at 18450/18600.

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