Nifty was range bound today. Nifty made a high of 6186 and a low of 6146 .Except for
the market participants showing continued indecision, the outlook remains the
same even for tomorrow we need to watch
if it manages to get past and stay above 6170 – 6190 supply zone firmly to
signal some kind of a recovery or else it may slide down and take out 61430 to head further down....
Technical position still remains weak but going by the late recovery in banks
in the last session and the international cues being quite positive there could
be a recovery tomorrow but first it must fulfill the above condition .Infy
results will decide the market direction tomorrow.
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RESISTANCE:6160, 6190,6220
SUPPORT: 6150, 6130,5090
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ReplyDeleteFantastic post deepak! Love your tips
ReplyDeletePerfect spread for happy trading!
ReplyDeleteThese are great tips, and I love your honesty, keep it up
ReplyDeleteDear Deepak,
ReplyDeleteThanks for the helpful post. In two weeks we are trading in profit