Nifty ended flat for the day. We saw a good buying in the beginning of the session but at the closing time we saw a sharp falling in index. Lastly prices sustained the support handle of 8790 and close well for the course of the day nifty fell 19 points and closed at 8817.00. tomorrow we can see a little correction in the index prices. Which can hit for 8750.
This was a choppy day for bank nifty where it closed flat where prices felt exhausted to move up and we closed on resistance. following the trend we are still positive on the banking index and expect prices to move up. But a little recovery can take place at the opening time. So if the 19920 handle gets broke we can head for fresh buy in bank nifty.
Nifty Resistance & Support
R1 / R2
S1 / S2