WEEKLY NIFTY FUTURE SPEAKS
Nifty future gained in a truncated trading week as the recent data showing pick up in industrial production growth and easing inflation raised bets for a cut in interest rates by the Reserve Bank of India in upcoming policy meet later this month. Open Interest addition was seen in 8200/7800 Calls and 7800/7500 Puts. For this week Nifty future is having the major resistance of 8075 and above this level having the next resistance of 8175 and in down side first support of 7850 and below this level next support of 7725.
WEEKLY BANK NIFTY SPEAKS
Bank nifty future gained in a truncated trading week as the recent data showing pick up in industrial production growth and easing inflation raised bets for a cut in interest rates by the Reserve Bank of India in upcoming policy meet later this month. Bank nifty future ended at a level of 17382 levels after making a low of 17090 and a high of 17642 this week For this week bank nifty is having the resistance of 17805 and above this level next resistance of 18125 and in down side having the support of 17015 and next support of 16675
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