Nifty: Resistance 5735-5755/5777/5816
Support 5705/5690/5666/5630
Nifty after opening flat, broke channel resistance @ 5730 & moved on to hit fresh highs @ 5777+. Now if Nifty sustains above its breakout level, then it may move on to hit fresh highs @ 5870-5899 above 5777. Today, inline with Global cues, Nifty will have a gap down opening. Nifty will face resistance @ 5735-5755, if sustains, Nifty may see some buying setting in towards 5777 & above it towards 5816. If Nifty breaks support @ 5730 level, the Bears will push Nifty further down towards 5705 and 5690 level.
Nifty needs to break & sustain above/below the channel to show some move on either side.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
No comments:
Post a Comment