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An extract of Nifty View of February 19, 2019, suggested:” For Tuesday,February 19, 2019, the trend deciding point for the day for Nifty emerges at10600 mark. On its down move Nifty is expected to take support around 10600mark.” And the LOW of the day was at 10602

Another extract of Banknifty View suggested: “On the ascent, animportant resistance exists at 26934 mark. If this is crossed, then the nextresistance is expected to emerge at 27038 mark, based on the demand pressure.”And the HIGH of the day was at 27083.95

 

For Wednesday, February 20, 2019,the trend deciding point for the day for Nifty emerges at 10545mark. On itsdown move Nifty is expected to take support around 10545mark. If this mark isbroken due to strong selling pressure, then the next support is expected toemerge at 10503mark,.or 10462 mark, depending on the supply pressure. But thiswill be possible only if there is a sharp down move. On ascent, the firstresistance exists at 10712mark. A sharp up move can make nifty cross this leveland make it reach to 10753 mark, depending on the demand pressure. Anintermediate resistance exists at 10657mark. If there is not much demand, thenNifty can reverse from here for downside, instead of 10712mark. On the otherhand, an intermediate support exists at 10557mark. If there is not much supply,then Nifty can reverse from here for upside, instead of10545mark.

For Wednesday, February 20, 2019,the trend deciding point for the day for Bank Nifty works out at 26560markThusany fall in Bank Nifty towards this level of 26560should get a support. If thissupport zone of 26560 is broken due to strong selling pressure, then the nextsupport is expected to emerge around 26455mark or 26352 mark, depending on thesupply pressure. But this is possible only if there is a sharp down move. Onthe ascent, an important resistance exists at 26979mark. If this is crossed,then the next resistance is expected to emerge at 27085mark, based on thedemand pressure.

For Wednesday, February 20, 2019, the trend reversal point for Nifty stands at 10780 inspot. Any closeABOVE 10780in spot on Wednesday will change the trend in Niftyto POSITIVE. Again, that for Bank Nifty, this level stands at 27001 inspot. This implies that a close ABOVE27001onWednesday for Bank nifty in spotwill change the trend in that index in to POSITIVE

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