Market Context - Sideways to Bearish. Major heavyweight stocks are not moving much on upside hence no thrust upside. We will try to find the opportunity to sell on rise till the major hurdles are not cleared in both Nifty and BankNifty. Nifty50 - 17780-800 is a zone which will act as a resistance. If zone is crossed Nifty can reach up to 17850. Levels are marked in the below chart for tomorrow. BankNifty - 41350-41400 is a hurdle and will act as resistance. If we get market at this range will try to sell on rise after price action is clear.
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