Nifty tanked and closed on a strong weak note at 5281. So today the first resistance for nifty is at 5330-35 level. Next resistance ranges are at 5362-66,5381-84,5405-11,5445-50,5464-67,5490-95,5517-20,5547-52,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5234-29 level. Next supports are at 5217-14,5178-73,5136-31,5104-99,5078-72 level.The bears now have the control so today for intraday if nifty again goes below 5229 selling will again continue and on upside no intraday long is recommended until nifty strongly trades above 5335 level.Positionally we expect support at 5080-70 level.
What you're saying is completely true. I know that everybody must say the same thing, but I just think that you put it in a way that everyone can understand. I'm sure you'll reach so many people with what you've got to say.
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