Nifty opened at 5600 and touched a level of 5700 in intraday
trade. Thus now we can see uptrend againThe Nifty reacted from a level that was
in line with our anticipation. We still believe the range between 5650 and 5700
would be a very difficult supply zone that the index needs to cross decisively
before it embarks on any sustainable uptrend or a recovery swing. Prior to
hitting 5700 the yesterday’s high—we tend to think it would find some
difficulty in taking out even levels of 5660 and 5680 as well.
RESISTANCE:5690, 5740,5760
SUPPORT: 5680,
5650,5630
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You are such a great analyst and genius on nifty.thanks for sharing.
ReplyDelete