Nifty Chart

Bank nifty Cash - Analysis on both side with Target

Bullish Case [2-3 days]:

Positive divergence with recent swing completed around 26625Small hurdle from 26759-26800 to reach 26925-26989, close above 27000 will reach 27130-27218. 

Bearish Case : [5-7 days view]

Any close below 26550 will drag up to the range 26387-233 range worst case 26140-25997.  Possible next support,  38.2% of the swing 27754-24240 at 26411.  

Cash Nifty analysis on both side

Bearish Case : 50% of the swing 10004-11118 at 10561, Trend line support at 10541,  [Support range in intra 10561-10541]

Any close below 10560 will lead to 10429 worst case 10377  [ hold our buy call 10800PE]

[Buy range 10429-377] for new high above 11118

Bullish case :

10655© will be good for bullish up to 10734-50, Close above 10750 one side trade for new high above 10900

Positive divergence on hourly chart issued Target above 10759+ with hurdle at 10692

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