Nifty continued the weakness and closed at 4646 . So today the first resistance for nifty is at 4664-68level. Next resistance ranges are at 4686-91,4714-19,4767-72,4826-30,4878-73,4918-21,4965-70,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4628-24 level. Next supports are at 4607-02,4580-75,4529-25,4485-82,4455-50,4435-30,4400-395,4373-70 level.Again nifty closed below 4700 signalling the underlying bear force .A move below can 4600 can put some more pressure to market So unlesss a strong move above 4685 better stay from long side even for intraday.
Really nice information. I was looking for something similar like this. Thanks for this.
ReplyDeleteCommodity Tips
Thanks, great analysis as always. Do you use graphs for this? If so could you post them?
ReplyDelete