Bank Nifty Future Daily Chart
On Thursday after gap down opening below 16475 at 16315, Bank Nifty Future made a low of 16187 and at end closed 86 points up at 16719, recovered 532 points from day’s low.
Now on upper side if it crosses and sustain above its immediate resistance of 16788 then may continue its upward movement till 16947 – 17193 levels.
On lower side 16475 will act as immediate major support. If it breaks this then 16187 – 15793 are the next.
On Thursday after gap down opening below 16475 at 16315, Bank Nifty Future made a low of 16187 and at end closed 86 points up at 16719, recovered 532 points from day’s low.
Now on upper side if it crosses and sustain above its immediate resistance of 16788 then may continue its upward movement till 16947 – 17193 levels.
On lower side 16475 will act as immediate major support. If it breaks this then 16187 – 15793 are the next.
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