Nifty showing corrective move on the upside from yesterday's low of 4415. As long 4532/35 is not crossed it can be weak and under pressure by the bears. In that case,
Supports: 4478/75 can be pivotal . Below that nifty can target 4442/40 and decide further moves. At 4395/90 lies the crucial support for medium term.
Resistances: 4532/35 is most crucial, above which next target fro nifty will be 4562/67-4586. Above 4586 Nifty can show more strength with a target of 4660 positional.
Nice Analysis Satyam !
ReplyDeleteThank you so much Doji. Comments are getting very rare these days, Everyone needs free calls :). Thanks for your support.
ReplyDeleteSatyam