Nifty closed on a bull note at 5345. So today the first resistance for nifty is at 5363-68 level. Next resistance ranges are at 5385-88,5400-05,5422-27,5449-54,5468-73 levels. On downside first support is at 5325-21 level. Next supports are at 5304-01,5284-79,5268-63,5222-17,5197-92,5168-63,5148-45, 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.The trend seems to be on bull side.So today the main hurdle on upside are at 5368 and 5405 level and on downside if nifty is below 5301 be alert and better stay away from long side.
Positional Support for NIFTY 5259 5215 5172 5156 5091 5076 5055 5049 and positional Immediate resistance for NIFTY is 5360.
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 5259 5215 5172 5156 5091 5076 5055 5049 and positional Immediate resistance for NIFTY is 5360.
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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