Supports: We are still in uptrend from 4531 and 4940-4915/10 hold the key and that's crucial for the day (corrective probably ends there), below that some big weakness can set in to bring nifty down towards 4858/65 zone. further breakdown can bring 4800-4760/70. Which will be again a signal of the trend reversal on downside.
Resistances: (Day's hurdle was given given @ first pic, missed out to give here.) 4970/77-5000 are very crucial levels.As we took the 78.6rt of the total fall @5025, a failure to cross that 5030-5060 can bring weakness. But a cross above hat will be very bullish and very easily can bring 5110-5170.
0 comments:
Post a Comment