Nifty and Bank Nifty Technical Outlook for Monday 29 Aug

Nifty Futures shut stop at 4747.60 down by -116.50 points or -2.40 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 4660 else above resistance level of 4890 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 4890 & above this level the next resistance is seen near the 4975 mark.

SUPPORT:
It has first support close to the level of 4660 & below this level the next support is seen near 4530 mark.

Bank Nifty Futures shut stop at 8962 down by -242.30 points or -2.63 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 8815 else above resistance level of 9255 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 9255 & above this level the next resistance is seen near the 9420 mark.

SUPPORT: It has first support close to the level of 8815 & below this level the next support is seen near 8400 mark.

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