Nifty was on bear trend and closed at 4943.Today the first resistance for nifty is at 4969-72 level.Next resistance ranges are at 4984-87,4999-01,5026-30,5045-48,5059-63, 5090-95,5142-46 5165-70,5193-98,5225-30,5267-72,5323-28 levels.On downside first support is at 4914-09 level.Next supports are at 4886-82,4863-58,4840-35,4805-02, 4768-63,4718-12,4697-94,4675-70,4595-90,4540-35 level.Nifty is now in a volatile trend and today if nifty trade and sustain below 4900 it is a weak signal and better avoid long below that level.The bulls can become strong only above 5000 level.
No comments:
Post a Comment