Nifty analysis for 5.09.24
Nifty key levels -
S1/ 25170-25180;
S2/ 25150- 25160
S3/ 25100
Markets opened lower on global cues yet Nifty did not see selling as India DII are still bullish and FII had bought in some in previous session. Last session saw a good upmove. 25150-25160 good support and price expected to return here.
BankNifty is at resistance and if 51457 level is not broken price may return to 51300.
Focus on price action on 15 and 30 minute time frames for bias and then open entry on 5 and 1 minute. If Nifty moves up then Targets of 25236 and 25300.
S1/ 25170-25180;
S2/ 25150- 25160
S3/ 25100
Markets opened lower on global cues yet Nifty did not see selling as India DII are still bullish and FII had bought in some in previous session. Last session saw a good upmove. 25150-25160 good support and price expected to return here.
BankNifty is at resistance and if 51457 level is not broken price may return to 51300.
Focus on price action on 15 and 30 minute time frames for bias and then open entry on 5 and 1 minute. If Nifty moves up then Targets of 25236 and 25300.
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