Nifty tanked and recovered from the lows of 5118 to close almost on a flat note at 5285. So today the first resistance for nifty is at 5342-47 level. Next resistance ranges are at 5359-63,5397-02,5430-35,5490-95,5540-45,5569-73,5589-93,5625-28,5642-47,5754-59,5776-81,5807-12 levels. On downside first support is at 5248-45 level. Next supports are at 5228-24,5211-06,5178-73,5143-38,5080-75,5030-25,4983-78 level.The medium-long trend is still weak but a strong move above 5347 is good for bulls in short term.On downside if nifty is below 5224 there will be next round of selling.So on upside intra resistance are at 5347 and 5402 level.
Positional Immediate support for NIFTY is 5109
positional Resistance for NIFTY is 5441 5493 5632 5741 5745 5784 5827 5829 5851
Intraday Resistance of NIFTY are 5341.1 : 5397.2 : 5490.3 : 5394.6 : 5409.9
Intraday Support of NIFTY are 5228.9 : 5172.8 : 5079.7 : 5176.5 : 5161.6
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.