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NIfty broken crucial weekly support at 23440. More pain ahead...

 
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Downmove can resume....

 Nifty faced resistance around 24536. Bulls failed to keep upward momentum and slipped down to 24200 levels today. Key intraday support around 24190-170. Once this zone breaks down, Nifty likely to face more selling pressure towards 23450-500 zone in coming days. Key resistance around 24680-700 zone. Regards, Suryadev Bandari Research Analyst

NIfty fall likely to take a pause.

 Nifty banknifty both oversold and likely to take a pause. Close Above 25485 Bullish for nifty, Close Below 24800 Bearish. Close Above 52600 Bullish for Banknifty and Close Below 51190 Bearish. wait and watch mode now.  Regards, Suryadev Bandari Research Analyst

Once again market turned bullish.

 Nifty heading towards 25000+ levels Banknifty heading towards 54500-55000 levels. Buy on dip mode Key supports for nifty 24200-150 zone. Key supports for Banknifty 51750-500 zone. as long as above levels holds, market moves higher. Regards, Suryadev Bandari Research Analyst