Market Overview
Investors are advised to remain cautious and focus on stock
specific opportunities. Bulls will only be able to gain momentum when Nifty
climbs back above 10,350 levels. However, if the weakness persists Nifty could
slip towards 10,100. read our Free nifty future tips.
Key Support & Resistance Level for
Nifty:
The Nifty closed
at 10,225.0 on Monday. According to Pivot charts, the key support level is
placed at 10,182.73, followed by 10,140.47. If the index starts to move higher,
key resistance levels to watch out are 10,300.73 and 10,376.47.
Bank Nifty:
The Nifty Bank
closed at 25,358.3 on Monday. Important Pivot level, which will act as crucial
support for the index, is placed at 25,259.79, followed by 25,161.3. On the
upside, key resistance level is 25,534.2 followed by 25,710.1.
