DO NOT MISS THE OPPORTUNITY TO ENTER IN THE MARKET NOW JUST FOR DETAILS WHATSAPP ON 903942248
Bulls have shown some strength to taken nifty back to recovery zone & finally closed the day above 11300 mark. Market took positive cues from the speculations that policymakers around the world would move to ease the economic fallout due to rapidly spreading coronavirus, ahead of a conference call by Group of Seven heads. Finance ministers from the group are expected to hold a conference call today. Efforts on developing drugs for treating Covid-19 are showing some results. Drugs to treat the novel coronavirus could be available by this summer or fall, US Vice President Mike Pence said on Monday. The Sensex rallied 480 points to settle at 38623 while Nifty ended at 11303, up 170 points. Nifty started the day from 11217 made a high of 11342 and low of 11152.
We expect market would remain volatile in the near term. The index formed a bullish candle on the daily scale and needs to hold above 11340 to extend gains towards 11400, and then 11450 -11500 zone. Overall setup and momentum is positive and a hold of recent zones could extend rally, while support exists at 11200 and then 11100 levels. It has been making higher top and higher bottom formation and supports are gradually shifting higher with medium term support at 11000.
We expect market would remain volatile in the near term. The index formed a bullish candle on the daily scale and needs to hold above 11340 to extend gains towards 11400, and then 11450 -11500 zone. Overall setup and momentum is positive and a hold of recent zones could extend rally, while support exists at 11200 and then 11100 levels. It has been making higher top and higher bottom formation and supports are gradually shifting higher with medium term support at 11000.
More about intraday tips on Google +
Resistance: 11400, 11500
Support: 11200, 11100
I am regular visitor of your blog and reguallarly following
ReplyDeletekeep reading
Delete