Nifty spot On the Down side

By a staff reporter: 

Below 17735 next supports are 17696 & 17666.
The lower area of 17650-17600 <100dma> levels is expected to be a strong support zone for the market.
As long as holds 17600 bouncing possible otherwise 17555-17500 <30 & 50dma juncture area> not ruled out.

On the Upside :-

Bulls need to move above 17777 for a move towards 17820—17850 & major 17888/918.

The Option Table data indicates decent support at 17600 and reasonable resistance at 17900.

Bank Nifty Spot :- Last cl 37850. D to D basis down -190 points. High 38168 & Low 37591.

On the Down side :- Bears need to move below 37785 for a move towards 37688—37591 & 37444.
On the upside:-Positive above 38000+ for a move towards 38080-38170.Strong barrier 38250-38370.

The Option Table data indicates decent support at 37500 and reasonable resistance at 38500.

Source : Eureka

Please register at https://kyc.eurekasecurities.net/home/index/729 for opening Trading and Demat Account.