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Stock Market Live Updates: Strategy on Nifty Bank

Anuj Singhal said that for the last two days the lower level of Nifty Bank is exactly at 200 DMA. The first support is at 50,600 (200 DMA, yesterday’s low). Major support lies at 49,800-50,000 (November lows). While the first resistance is at 50,950-51,050 (yesterday’s high). Major resistance was at 51,400-51,600 (Option Data). The buying zone is at 50,700-50,800, for this set a stoploss of 50,550. The selling zone is at 51,050-51,250 and for this SL is placed at 51,400.