1.yesterday 11810 level was predicted for nifty , it gave close around 11813. rsi nicely took supprt of 47.89 level and took resistance 54.38 lower body of pink box ).
2. tomorrow nifty may go down after giving a 50 point up move (i.e. 11850 ). this 50 point move in nifty will be supported by bank nifty .
bank nifty has a gap which needs to be filled around 25900. currently bank nity is at the level of 25682. bank nifty in the morning may rise upto 25900-26000( 250 point approx).
3.bearis level- nifty may close around 11759 (if breaks it then 11703)
alternate view
4. bullish level- if operators gone mad and take bank nifty above 26000 and reliance also rises from grave then 11950 is also possible( however very less chance, because bank nifty already has grown around 1500 points in 2 days , bear should be coming in picture now)
2. tomorrow nifty may go down after giving a 50 point up move (i.e. 11850 ). this 50 point move in nifty will be supported by bank nifty .
bank nifty has a gap which needs to be filled around 25900. currently bank nity is at the level of 25682. bank nifty in the morning may rise upto 25900-26000( 250 point approx).
3.bearis level- nifty may close around 11759 (if breaks it then 11703)
alternate view
4. bullish level- if operators gone mad and take bank nifty above 26000 and reliance also rises from grave then 11950 is also possible( however very less chance, because bank nifty already has grown around 1500 points in 2 days , bear should be coming in picture now)