From the above post 1 thing is getting clear that Nifty can nullify all the down moves once it crosses above 5065 this time. Intra day downside noises will be bought after that for higher levels discussed above.
Supports: To reach 5057/64 zone in the early morning session, 4995/5000 is important to hold. Below that 4970-4935 can show up without harming the trend.
Resistances: 5057/64 is really going to be crucial. Once broken it can be early signal for breaking 5165/73 (previous projection from where nifty moved down). Though 5110 will be hurdle in between.
Note: I have shared my July view time and again here to relate with my current post where 5200 was projected around 43XX. Today I am posting the same to feel some good about the post which wanna share with you people. Along with the 52XX projection I projected one pivot in that post for nifty to make that up move sustainable. Will not say anything and will like you people to take a look.. keep in mind..our low in this fall was 4534.. now click here and keep reading :-).
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