Supports: After a smooth day Nifty nearing one intra target, but it seems like a 3rd wave tgt. 5035-5005 remains the main support to initiate longs as shown in the figure. Immediate support lies @ 5065.
Resistances: 5080/85 was discussed as one of our intra targets, so that remains the first hurdle, a dip from that zone and bounce from pre-5005 zone can bring 5115/20-5145 zone. A gap up above 5085 level can bring 5165 before any fall of bigger amplitude.
0 comments:
Post a Comment