Hello everyone, Nifty 17857 Support 17630 Major support 1750 | GreenChip Capital🚀😍

Hello everyone,

Nifty 17857

Support 17630
Major support 17500
Resistance 18030
Major resistance 18130

Excellent fall cought on yesterday's expiry. Now yesterday low would very important today. If 17700 broke and sustain we may see Nifty towards 17500-17300, above 17930 we may see 18100-18300 by next week.

BNF 39508
Support 39300
Major support 38900
Resistance 40000-40200
BNF if breaks 38900-39200 and sustain gates are open for 38400-37700, if sustain above 39800 we may see 40200-40500 again by next week.

Personal view: Yesterday's fall was not because of any fear or any bad news as per my understanding for as of now. It was more of due to writers got trapped in market. We believe poison completed with expiry. Fall like this ideally should not sustain (check expiry of September 2020). Nifty 18100-18300 and BNF 40200-40500++ possible if bounce back comes. This will be confirmed purely by screen reading. We will be updating more on like market.

Follow first 1 hour rule today!

More focus would be on sector specific and then stock specific for next few trading session.