Nifty closed on bear trend at 5258 level. So today the first resistance for nifty is at 5279-83 level. Next resistance ranges are at 5300-04,5317-20,5336-39,5353-58,5382-85,5399-04,5422-25,5447-52,5470-75,5507-12,5530-34,5547-50,5563-66 levels. On downside first support is at 5236-33 level. Next supports are at 5218-14,5192-87,5165-60,5149-46,5122-17 level.So today be alert below 5233 level and better stay away from long sid e if nifty is below 5214 level and on upside intra resistance are at 5283,5304 and 5339 levels . Positional Support for NIFTY 5247 5194 5150 5111 and positional Resistance for NIFTY is 5284 5311 5363 5366 .
Intraday Resistance of NIFTY are 5300.3/5334.9/5361.9/5381.5/5418.6/5455.9
Intraday Support of NIFTY are 5216.7/5182.1/5125.1/5089
Oscillator Analysis The oscillator is showing SELL signal The oscillator is on SELL signal and share is coming down from overbought levelShort Term Oscillator Analysis- The signal is BUY and NIFTY in oversold region.
Intraday Resistance of NIFTY are 5300.3/5334.9/5361.9/5381.5/5418.6/5455.9
Intraday Support of NIFTY are 5216.7/5182.1/5125.1/5089
Oscillator Analysis The oscillator is showing SELL signal The oscillator is on SELL signal and share is coming down from overbought levelShort Term Oscillator Analysis- The signal is BUY and NIFTY in oversold region.
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