There was lack luster movement in the
market today. Nifty started at 6136 moved in a range of 20 points throughout
the day.6110 acted as the line of support .While the prospect of the index sustainably
moving up again tomorrow looks a bit
remote yet we need to keep in mind the critical levels that have the potential
to bring strong supply pressure in any recovery attempt: first, the range
between 6030 and 6040 would be such a zone unless crossed we can’t even think
of any recovery.....
Now, assuming such a thing happens and the Nifty trades above
6050 on good volume for some time, the next range that would act as a strong
resistance zone is located between 6062 and 6070. The 6200 level is not just any level, it has been the
projected target level for the intermediate upmove. Once this level is reached or
temporarily breached, we ought to understand that a correction is much more
likely to happen than the one way move continuing further.
More about intraday tips on google +
More about intraday tips on google +
RESISTANCE:6150, 6180,6210
SUPPORT: 6130, 6115,6100
Awesome thank you so much! I am also like you – love to trade . I do enjoy intraday nifty trade. I will be following these tips next time
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