Nifty: Resistance 4444/4474/4501
Supports 4370/4334/4309
View: Nifty finding support at lower areas & bouncing as expected.
Now for the day resistance is at 4444, if we close above it then we may expect some more upside in this relief rally. On downside 4370 is a good support. If this is also breached than 4334-4309 acts as a support.Closing below 4309 will lead to consideration that this relief rally will not last long.
When Crude was trading at $145+, every one on TV were giving wild targets of $170-$200, but we said that it will retrace back to $110-$90 zone. We have been constantly proving ourself accurate in our targets than giving wild guesses like others.
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