Nifty was in uptrend today,it managed to cross 6200 but couldn’t
sustain there. Nifty made a high of 6238 and a low of 6144.The index is at a
crossroad waiting for a decisive move! In all likelihood, it is headed down
once the support around 6140 -level is taken out. On the other hand, if it were to
turn bullish it should get past 6190 – 6210 range firmly without coming down
again to violate 6150 on the downside. …
Now, if the index really takes out 6140
on the downside, next strong support range is 6110 through 6090—a breakdown of
this range would mean pronounced weakness for most of the large-cap pivotal
stocks that populate the Nifty.
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RESISTANCE:6160, 6190,6220
SUPPORT: 6150, 6130,5090
i hope Monday will be very good for trading..
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ReplyDeleteThis post is really useful to all the traders and investors on Indian stock market
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ReplyDeleteGreat It is helpful for traders
ReplyDeleteThank you,
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