Indian Stock Market would open gap negative with 70-150 points for Nifty and 300+ negative points for BankNifty.
Indian Stock Market is still in negative zone and saw breakdown in last trading session.
Today also, a big downfall would be seen in the market. BankNifty may again fall around 400-600 points today.
Indian Stock Market could be saved only if some rate cut is been announced by RBI else we would see sub 8000 levels for Nifty and 17300 levels for BankNifty in upcoming days.
Since we have entered into F&O Expiry week and hence we could witness huge volatility in the market.
FIIs were net sellers of whooping Rs.2340.60 crores whereas DIIs were net buyers of Rs.1524.10 crores in last trading session.
Nifty would see strong support at 8225-8198-8100 whereas strong resistance would be seen at 8320-8385-8430 levels.
NSE Nifty: (8300) The support for the Nifty is 8225-8198-8100 and the resistance to the up move is at 8320-8385-8430 levels.
NSE BankNifty: (18057) The support for BankNifty is at 17800-17720-17590-17500 and the resistance to the up move is at 18120-18300-18450-18500 levels.
BSE Sensex: (27366) The support for the Sensex is at 27073-26897-26675 and the resistance to the up move is at 27442-27640-27720 levels.