Supports: Nifty still in range between 4888-4920 on the upside 4760 on the downside as discussed on Wednesday post. 4888-4920 can witness some profit booking by the bulls, though the main support lies for nifty @ 4795-4755 as discussed on above chart.
Resistances: Taking 4888-4910/19 as the main resistance, intra day hurdle lies at 4839 and 4862. Above that Nifty can again challenge the highs and move towards 4910/19 zone. where one can book some positional swing longs, and wait for the further stretch signal.
Can be a range bound session, trade safely.
Hello Sir Nice Blog on Nifty , Will keep a Track On it For the Levels You post On regular basis , Do keep the good Work going on .....
ReplyDeleteChirag Kabani
wwww.askchirag.com
Hello Chirag,
ReplyDeleteThank you for peep into my blog and giving your valuable comments. I have thoroughly gone through your blog, and truly, it's very few of those informative and real guiding blog for the traders in commodity. Sorry for the late reply, I also personally do some comm trading and I am sure it'll be a great experience for me while you share your thoughts with us, keep doing the same please. and again, sorry for the late reply. Regards.
-Satyam Sit