Nifty continued the bear trend and closed at 4544 . So today the first resistance for nifty is at 4573-77 level. Next resistance ranges are at 4600-05,4625-30,4647-52,4664-68,4717-23,4777-83,4835-40,4890-95,4908-14,4965-70,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4515-10 level. Next supports are at 4485-82,4455-50,4435-30,4400-395,4373-70 level.Now the ball is in bears hand and next crucial support exist at 4450 level.So today if nifty is below 4510 chance are high for the nifty to continue the bear trend and on upside intraday resistance are at 4577 and 4605 level. strong pullback rally is expected on wednesday due to global cues and positive U.S markets.
No comments:
Post a Comment