Nifty closed slightly down at 5275. So today the first resistance for nifty is at 5290-93 level. Next resistance ranges are at 5307-12,5330-35,5360-65,5400-05,5449-54,5468-72 levels. On downside first support is at 5245-40 level. Next supports are at 5220-15,5197-92,5168-63,5148-45, 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 the main hurdle on upside are at 5312 and 5335 level and on downside if nifty is below 5240 be alert and better stay away from long side. Positional Support for NIFTY 5238 5199 5174 5136 5089 5074 5047 5045 and positional Immediate resistance for NIFTY is 5345.
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.
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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