Bulls are
back in action & took nifty back to 11000 zone. The market rallied with Nifty
closing 2.1% higher at 11058. The market rallied on various measures announced
by the finance minister on Friday and easing trade tensions between the US and
China. The Sensex jumped over 650 points in opening trade, but only to slip
into negative terrain. It fell over 200 points, before staging a smart rebound.
The Nifty closed, up 228.50 points.
After a super volatile session index closed a day at 11058 with strong gains of 229 points and formed bullish pin bar candle on daily chart. Index managed to close above strong hurdle of 11000 mark hinting bulls are trying to grab a grip from lower end, now index has immediate hurdle near 11080 -11170 zone. Any decisive break above 11170 can push index towards 11300 zone in near term and support for index is coming near 10995 -10925 zone.
After a super volatile session index closed a day at 11058 with strong gains of 229 points and formed bullish pin bar candle on daily chart. Index managed to close above strong hurdle of 11000 mark hinting bulls are trying to grab a grip from lower end, now index has immediate hurdle near 11080 -11170 zone. Any decisive break above 11170 can push index towards 11300 zone in near term and support for index is coming near 10995 -10925 zone.
More about intraday tips on Google +
Resistance: 11080, 11170
Support: 10995, 10925
No comments:
Post a Comment