Nifty: Resistance 4334/4345/4387/4440
Support 4280/4254/4222/4190
Nifty took support near our crucial support level of 4190 (Low 4202) , as expected & saw a good bounce from lows & we saw last hour massive rally of almost 100 Pts on Nifty & it closed in Green. We would like to take credit that, we well in advance cautioned all @ 4600-4700 level about this coming fall.
Over all view is bearish & with being expiry week, we may see some good swings on both side within a range. We would advise to avoid leverage trading this week. Important supp @ 4190, below that we may expect @ 4040-3950 range.
Expect flat/+ve opening & stiff resistance @ 4387/4440.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment