The divergent trend was
witnessed today; today one of the sharpest falls, the market has crashed 3
percent worrying over crude oil price and global uncertainty. Nifty slumped 251
points at 8127.After falling below the 8,200-level, the Nifty touched the day's
low of 8111 before settling down with a loss of 251 points, to end at 8127.
The index closes
below 8150. This is a sign of weakness; however, unless follow on selling comes
tomorrow to tilt the scales in favor of the bears, there is still not much to
worry. What
we need to watch out for is its ability to hold above the 8100
level if there were to be any fresh weakness in tomorrow’s session. Staying
above 8200 would mean getting some gumption back, and if it were to stay above 8250
then that would be the first sign of strength. On the downside, below the 8100 level
strong support exists between 8070 and 8050 levels. Major support, of course,
remains between 8030 and 8000.
More
about intraday tips on Google +
RESISTANCE:
8150, 8200, 8250
SUPPORT:
8100, 8050, 8000
ReplyDeleteYou have some great information catching here.i will recommend my friends to visit this blog.I am not sure where you're getting this type of info but good topic. I needs to spend some time learning more or understanding more.
awesome post i read your blog with sharp mind and eyes . I am looking KLSE Stock Prices related information .
ReplyDelete