Nifty & Bank Nifty Levels: Thursday Expiry

Global markets look weak right now (8:35 Hrs India Time).

Nifty has scaled all time high already and if global trend gains momentum and Indian markets starts following it up today, the downside could be brutal.

On the upside, the resistance is seen at 17225 level and if it is surpassed, short covering would push the Nifty even higher.

On the lower side, 16680 is the level where Support can be seen and in-between there is nothing. Hence downside is expected to be brutal.

For Bank Nifty, resistance is seen at 37037 level while Support is at 36365.. (all the levels described above are as per Futures chart). Once these levels are breached, we can witness further push or slide.



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