Nifty & Banknifty levels for 28th Feb 2018

Nifty – Nifty took resistance at 10610 levels and corrected down again. On the hourly charts 10490 will provide support to the index. Failing to hold these levels, nifty may correct deeper. Holding these levels may push Nifty up to 10630 and 10660. Whereas break of these levels may drag further down to 10395 & 10325.

Bank Nifty – The index saw good selling during the day. Sellers were active taking the index down aggressively. Below 25290 selling will intensify and the index may move past 24760, 24480 and 24120 levels in the short term. However a move beyond 26150 will serve as protective levels for sellers.

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