Since the Nifty futures are probing new areas below, we do not have sufficient high volume nodes for the futures data wise.
So I’m posting Nifty Charts of the spot instead.
Each of the brown dashed lines at 5580/ 5550/ 5480/ 5430/ 5360 are supports for the markets and the markets are expected to pause in these areas.
The dates along side represent the last visit of the Nifty at these points.
Nifty Feb futures :
BankNifty Feb Futures :
It may be interesting to note that the Bank Nifty did not make new lows today alongside Nifty.