Data indicates weakness embedding in the markets.
Markets did see support coming in at 9726 levels. This would be an immediate support for the market. However, if retested, it may be vulnerable.
Similarly, BankNifty saw support coming in at 19740, this would be an immediate support as well. If market stabilizes tomorrow, BankNifty may outperform Nifty.
Lot depends on how US closes today. Will have to pick up morning cues.
Though as of now a close range of 19500 and 20500 is playing on BankNifty and a close range of 9700 to 9900 seems to be active on Nifty (However, remember the wider range of 9500 to 10000 and 19000 to 21000)
Markets did see support coming in at 9726 levels. This would be an immediate support for the market. However, if retested, it may be vulnerable.
Similarly, BankNifty saw support coming in at 19740, this would be an immediate support as well. If market stabilizes tomorrow, BankNifty may outperform Nifty.
Lot depends on how US closes today. Will have to pick up morning cues.
Though as of now a close range of 19500 and 20500 is playing on BankNifty and a close range of 9700 to 9900 seems to be active on Nifty (However, remember the wider range of 9500 to 10000 and 19000 to 21000)
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