Nifty closed on a bear note at 5306. So today the first resistance for nifty is at 5327-31 level. Next resistance ranges are at 5347-51,5365-68,5400-05,5422-27,5449-54,5468-73 levels. On downside first support is at 5283-79 level. Next supports are at 5263-58,5233-30,5219-16,5197-92,5174-69,5148-45, 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 but be alert below 5260.So today the main hurdle on upside are at 5331 and 5368 level and on downside if nifty is below 5260 be alert and better stay away from long side.Positional Support for NIFTY 5276 5227 5170 5168 5092 5079 5066 5050 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.
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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