Nifty in short/medium term downtrend and looking quite weak for lower targets discussed on pictures. But on very short term term there are prices are diverging from the indicators movements indicating probable retracements on the upside is in the corner.
Supports: 4652 is big time crucial below last day's low 4690. 4652/26 can bring some sort of bounce (very likely for fresh shorts). Though a break below 4652/26 can bring 4460-4340 positionally.
Resistances: 4730/55 is the big place for tomorrow. Where handful of shorters are placed. Above that 4790 is the main hurdle to cross. Violation of that level can very well bring 4839/65-4940.
0 comments:
Post a Comment