As we have predicted nifty was in range of 6140-6170.Nifty
made a high of 6195 and a low 6166 in intraday trade.. While it did bounce
back to levels above 6190 but it fell again to close at 6162. We need to watch
if it manages to get past and stay above 6170 – 61930supply zone firmly to signal
some kind of a recovery or else it may slide down and test or take out 6140 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.
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.
RESISTANCE:6160, 6190,6220
SUPPORT: 6150, 6130,5090
waiting for next nifty future blog...
ReplyDeletegreat tips u have given..
ReplyDelete