Nifty once again closed betwee 4745 and 4755 and moved within 4800 and 4685. So today the first resistance for nifty is at 4761-64 level. Next resistance ranges are at 4776-81,4816-20,4844-48,4868-72,4884-87,4902-05,4942-47,4989-94,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4725-20 level. Next supports are at 4707-02,4683-78,4640-35,4623-20,4602-97.4580-75,4543-40,4527-25,4485-82,4455-50,4435-30,4400-395,4373-70 level.On upside the main hurdle for short term is at 4816-20 level and a strong mpve above this level is the hope for bulls and on down side a close below 4680 can inject back the bear sentiment.For past two days the nifty had recovered slightly from 4680 level so today if nifty trade well above 4780 we hope this is a good sign for bulls better it should be above 4820 and on downside if nifty once again trade below 4700 then the bear will re emerge.
No comments:
Post a Comment