Nifty closed on a bear note at 5235. So today the first resistance for nifty is at 5260-64 level. Next resistance ranges are at 5283-88,5310-15,5327-30,5344-49,5365-68,5400-05,5422-27,5449-54,5468-73 levels. On downside first support is at 5212-08 level. Next supports are at 5190-86,5165-60,5145-40, 5125-20,5096-91,5074-71,5054-49,5035-32,5014-09,4984-79,4958-53,4917-12,4894-90,4867-62,4845-40,4815-10,4795-91,4768-65,4750-45,4700-95,4680-75 level.The trend had slipped and today if nifty is below 5180 be very alert and avoid longs and on upside if nifty again goes above 5288 then we can expect some recovery.
Positional Support for NIFTY 5175 5166 5092 5081 5076 5051 and positional Resistance for NIFTY is 5252 5306 .
Oscillator Analysis NIFTY is now trading in overbought level. The oscillator is showing SELL signalShort Term Oscillator Analysis- and NIFTY in oversold region.
Positional Support for NIFTY 5175 5166 5092 5081 5076 5051 and positional Resistance for NIFTY is 5252 5306 .
Oscillator Analysis NIFTY is now trading in overbought level. The oscillator is showing SELL signalShort Term Oscillator Analysis- and NIFTY in oversold region.
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