Nifty closed on bear trend at 5386 level. So today the first resistance for nifty is at 5399-01 level. Next resistance ranges are at 5415-19,5433-38,5470-75,5506-11,5530-34,5547-50,5563-66 levels. On downside first support is at 5362-58 level. Next supports are at 5340-35,5305-00,5263-58,5240-35,5218-15,5192-87,5170-65,5149-46,5113-07 level.So today intra resistance are at 5419,5438 and 5475 level and on downside be alert below 5358 level and avoid longs below 5335 level.Positional Support for NIFTY 5363 5331 5259 5256 5227 5167 5149 5106 and positional Immediate resistance for NIFTY is 5460.
Oscillator AnalysisNIFTY is now trading in highly overbought level.Short Term Oscillator Analysis- and NIFTY in oversold region.
Oscillator AnalysisNIFTY is now trading in highly overbought level.Short Term Oscillator Analysis- and NIFTY in oversold region.
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