Yesterday I said "failure to cross 5085/90 now can bring some correction". Nifty corrected down twice towards our 5005 level almost without breaching it (first low 4995 but, recorded low on intra 5005, 2nd time it came down to 5000). So we are support level with corrective mode in smallest time frame.
Supports: Crucial support below 5000 will be around 4965/69-4916. A violation on 4916 can cause into a deeper correction.
Resistances: 5025 is initial hurdle. Further higher move will be decided on how it reacts around 5055-5072 zones. above that days high can be taken out for further up move towards 5130-5155.
Supports: Crucial support below 5000 will be around 4965/69-4916. A violation on 4916 can cause into a deeper correction.
Resistances: 5025 is initial hurdle. Further higher move will be decided on how it reacts around 5055-5072 zones. above that days high can be taken out for further up move towards 5130-5155.
Hi Satyam,
ReplyDeleteJust dropped in to say one thing , that is.......you are amazing.. today i have gone long @ 4927 with ur levels.. and now i cant believe my own eyes... m a hardcore trader in mkt for last 17 years .. and really i found u amongst very best in Nifty ... only good wishes to u... I am speechless... thank you a lot,
Dilip Lohiya
Thank you very much Dilipji for such encouraging and nice words. I can not ask for more while my fellow blog readers are getting some help outta my posts and finding it's meaningful. More of your insightful views on my blog and posts will be appreciated. Please do visit regularly, it will be my privilege. Regards,
ReplyDelete-Satyam Sit