Nifty was down 17 points to end at 5,941, as per provisional figures.
The index hit low of 5,927 in intraday
trade, its lowest level since 31 December 2012. The index hit a high of 5,978
in intraday trade. While the index closed in the green after
four consecutive sessions, it still shows considerable weakness. However, if it
were to fall below 5930-mark on good volume, it can show considerable weakness
leading to further fall and eventually hitting the next major support zone
between 5850 and 5830....
On the way up, again the range between 5970 and 5990 would be the first significant supply zone that the bulls need to take out before they take out the 6000-mark. However, we would get some real confidence only if the index closes comfortably above the 6010– 6020 range.
On the way up, again the range between 5970 and 5990 would be the first significant supply zone that the bulls need to take out before they take out the 6000-mark. However, we would get some real confidence only if the index closes comfortably above the 6010– 6020 range.
For free nifty tips
fill the form on the right hand side ----->
RESISTANCE:6000 6030, 6080
SUPPORT 5990, 5950,
5920
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