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CNX Nifty Index( Daily Chart)

CNX Banknifty(Daily Chart)

CNX Banknifty: Banknifty has  broken the range of 14800/15300  as we mentioned in the last week, The strength of Banknifty is still intact and we are seeing target of 16200/16500 for the coming week.   

CNX Midcap:
Though cnx midcap is crossed its resistance 11100 its not catching any further momentum on upperside. we are seeing that 11250/11300 is the channel resistance for cnx midcap. We have a cautious view on cnxmidcap with strict stop loss of 11100, and also advice you to book profits on every rise with strict stop loss.

Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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