As discussed y'day, nifty made high exactly @ the given resistance of 5295, and started correcting for the day. It's still in a corrective range and truly it's quite difficult to trade the narrowest of range.
Supports: Sustaining below 5260 can extend the correction little more towards 5235/40 zone, which is arguably one the most crucial place. Holding that nifty can spin higher again. A fall below that a really show very speedy 5200-5140 (most important place for positional long/short).
Resistances: 5275-85 is big. Above that 5330/35 again possible as discussed.
Thank you sir for all your effort. Yesterday your level was 5285-5235, high and low made by nifty was 5286 and 5236. Really outstanding. Keep up the great work of helping us, thank you.
ReplyDeleteHi Satyam,
ReplyDeleteI really like your outstanding analysis and honestly trying to learn how you draw these Fibo lines. If you share some of your study, we'll be thankful..
Thanks & regards,
Shirshendu Ghosh
www.nifty-with-ghosh.blogspot.com