There is not much change in the sentiment in the short term trades as market exactly moved in between (4795-4862) last friday, exactly inside the levels discussed. On a whole still 4755 is still holding the main support and on the upside bulls will have recheck around 4915 zone.
Supports: Range bound session in between 4862/70-4815. Below that nifty can again target 4795-4755. Breaking 4755 Nifty can target 4705-4630-4585 again. A close below 4705-4690 will be more bearish.
Resistances: 4862/70 as shown in then above pic. Above that Nifty can face stiff hurdle around 4910/19 zone. Above that Nifty can very well gain further momentum towards 4962/66-4900-5005/10 where nifty will retested again. Volatile day it can be , trade cautiously.
0 comments:
Post a Comment