Nifty: Resistance 5007-5011/5045-5050-5060/5082/5100
Support 4994/4975/4949/4921/4900
Nifty saw a break down after breaking our level of 5020 & touched levels below 4980. Though damage has been done on charts by breaking the trend line, Nifty may see some bounce back on back of +ve Global cues. Nifty may open gap up on back of strong global cues & faces stiff resistance @ 5050-5060 zone. On downside, Nifty will again see some support @ 5007-4994 range. Nifty needs to confirm the breakdown by forming lower top.
Expect gap up opening with 20-30 Pts in Nifty in line with Asian market.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment