30 Sep Tech View

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Nifty 7958
After flat opening Nifty has remained in a range bound movement except last 45 minutes of trade where some bit of volatility was presence and finally ended with “DOJI” an uncertain candlestick pattern on daily chart. Daily as well as hourly momentum indicators are reading minor bearish. Nifty intraday support placed at 7935 – 7910 levels and resistance placed at 7986 – 8010 levels.

Bank Nifty 15473
After flat opening Bank Nifty has witnessed volatility in last hour of the day and finally ended with relatively “Long Black Candle” a bearish candlestick pattern on daily chart. Daily as well as hourly momentum indicators are reading bearish. Bank Nifty intraday support placed at 15420 – 15355 levels and resistance placed at 15530 – 15590 levels.

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