As discussed on the yesterday's post about the pivotal 5050-5035, Nifty did hit exactly @ 5035 as the day's low and rebounded upward to hit exactly 5082, which was the resistance discussed yesterday. All levels are holding the same as no break out/down has taken place.
Supports: Nifty is really in a sticky mode. 5035 still holds the pivot for the day, and as shown on the chart,
below that 5035 immediate momentum can be down for the target 50006/02-4980/65 in hand, without harming the uptrend. And later support zone should be considered for partial booking of your intra shorts.
Resistances: 5083/90 still holds the key. A convincing cross above 5095 can show 5120/35-5170 as discussed on yesterday's post. Trade the broader range.
For last 3 days Nifty was really sticky to trade, range and levels were to narrow to understand. Today the move and levels are working perfectly. thank you for ur effort. whats we can expect now from nifty?
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