14 June 2024

SGX Nifty is trading mild red taking cues from Dow which lost all gains and closed flat.

Levels based on chart

Nifty support 16940 Resistance at 17080

Bank Nifty support at 39200 Resistance at 39570

FII data analysis

FIIs and pros are short while Retails are long but this data contains expiry contracts so less reliable.

Nifty Bank Nifty levels based on OI

17000 is support and 17100 is resistance expecting Nifty to get support from IT stocks

39400 is support that will be broken at opening with next support at 39000 Resistance is at 39500 for todays session while 40000 is the resistance for this expiry.

Happy Trading !!!

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