There is every likelihood a higher high today compared to
yesterday: we are probably going to see the nifty getting past 8470 and trying
to scale up to even the 8500-mark in the tomorrow’s session. Now, if the bulls
are able to hold the index above 8468 then they would try to get past the
8500-mark as well. Beyond the coveted 8500-mark, three resistance levels are
worth watching out for 8526, 8550 and 8589 before it hits the 8600-mark as
well. On the downside, so long as 8383 is held there is not much to worry for
the bulls while they would use dips to buy more and push things higher.
More about intraday tips on Google +
RESISTANCE: 8500, 8550, 8600
SUPPORT: 8450, 8400, 8350
More about intraday tips on Google +
RESISTANCE: 8500, 8550, 8600
SUPPORT: 8450, 8400, 8350
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