Nifty took a U-turn Index zoomed to close at 5199. So today the first resistance for nifty is at 5232-36 level. Next resistance ranges are at 5250-55,5270-75,5325-30,5348-52,5390-95 levels. On downside first support is at 5183-80 level. Next supports are at 5160-55,5130-25,5108-05,5068-63,5049-45,5007-02,4990-85, 4963-60,4950-47,4907-02, 4872-68,4863-59,4842-38,4812-07 level.Nifty back in track once again now the real litmus test is 5250-75 range,Cheers for bulls if nifty strongly trades above this level and on downside main intra support level is at 5160 and better avoid long if nifty is below that level.
I really appreciate your professional approach. These are pieces of very useful information that will be of great use for me in future.
ReplyDeleteHey keep posting such good and meaningful articles.
ReplyDelete