Nifty: Resistance 2797/2822/2856
Support 2748/2725/2700
Nifty bounced from lower levels & crashed again from higher resistance zone of 2825. After positive global market, we may too see a small gap-up opening of 15-25 pts on Nifty. As posted yesterday, 2822 will again play the trick for upside.
Technical Watch: DLF (LTP: 132.85) :: The Stock which has touched its 52 week lows from its highs of 900 levels, is much into limelight.
Strong Resistance @ 155.3 , Above it if sustained may rally upto 180/190.8 area. We may expect a bounce back from lows now if 130 is held(closing basis), but need to cross 155.3 for its further upward journey, else fresh selling may be witnessed. Closing Blw 120 may lead it to further downside for 100-90 area.
(How was RCOM analysis yesterday.... Posted tht above 165 its good for upmove.Made a high of 164.25 & crashed, just play with levels.)
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