All those levels got with help of of the Fibo projection on 286 like 5022-4970-4930 is proving to be quite useful in the range bound market. And looks like to be remain same.
Supports: 4975/70 is pivotal. Below that it will be weak for intra for target 4930-4910 again.
Resistance: 5025 is initial, Sustaining above that it can again target 5060-5075/85. Spot nifty closing above 5080 can be very bullish signal again.
So breakout confirmed.
ReplyDeleteNow what .. 5165 / 5225 or higher ?