Nifty closed on a bearish note at 5746 level . So today the first resistance for nifty is at 5765-68. Next resistance ranges are at 5783-88,5810-15,5829-32,5865-68,5862-66,5888-93,5917-22 levels. On downside first support is at 5730-25 level. Next supports are at 5709-04,5675-70,5750-45,5721-16,5686-79,5658-54,5635-30,5619-15,5603-00,5584-79,5564-59,5530-25 level.So today intra resistance will be at 5768,5788 and 5815 levels and on down side be alert below 5725and avoid longs below 5704. Positional Support for NIFTY 5693 5643 5507 5447 5395 5357 5240 5198 and positional Immediate resistance for NIFTY is 5827.
Intraday Resistance of NIFTY are 5784.9/5816.3/5864.4/5884.7/5923.4/5962.2
Intraday Support of NIFTY are 5709/5677.6/5617.5/5579.8
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.
Intraday Resistance of NIFTY are 5784.9/5816.3/5864.4/5884.7/5923.4/5962.2
Intraday Support of NIFTY are 5709/5677.6/5617.5/5579.8
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.
Amazing blog and very interesting stuff you got here! I definitely learned a lot from reading through some of your earlier posts as well and decided to drop a comment on this one!
ReplyDeleteThat is an extremely smart written article. I will be sure to bookmark it and return to learn extra of your useful information. Thank you for the post. I will certainly return.
ReplyDelete