Nifty closed slightly up at 5302. So today the first resistance for nifty is at 5324-29 level. Next resistance ranges are at 5349-54,5365-68,5387-90,5405-08,5442-47 levels. On downside first support is at 5280-76 level. Next supports are at 5261-57,5242-38,5223-18,5201-97,5152-47, 5120-15,5092-88,5074-71,5054-49,5035-32,5014-09,4984-79,4958-53,4917-12,4894-90,4867-62,4845-40,4815-10,4795-91,4768-65,4750-45,4700-95,4680-75 level.So today if below 5256 be alert and on upside main resistance are at 5368 and 5405 level. Have a look at weekly trend.
Positional Support for NIFTY 5189 5178 5155 5089 5084 5071 5041 5017 and positional Immediate resistance for NIFTY is 5329.
Oscillator AnalysisThe oscillator is showing BUY signal but be cautious on NIFTY since NIFTY is trading in overbought level.Short Term Oscillator Analysis- and NIFTY in oversold region.
Positional Support for NIFTY 5189 5178 5155 5089 5084 5071 5041 5017 and positional Immediate resistance for NIFTY is 5329.
Oscillator AnalysisThe oscillator is showing BUY signal but be cautious on NIFTY since NIFTY is trading in overbought level.Short Term Oscillator Analysis- and NIFTY in oversold region.
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