Nifty: Resistance 5880/5910-20/5948/5979
Support 5840/5805/5770/5730
Nifty ended day with bearish note. It closed down around support zone of 5840. Today Nifty may open on flat note. Ahead of RBI meet, Nifty may remain range-bound. Major support maintains @ 5805. Break below this, Nifty may test 5770-5730 & lower levels. Above 5880, some pull back may be seen towards 5910+ zone. Stiff resistance @ 5910-20 zone, sustaining above it, Nifty may extend its gain towards 5950-5970 & above. We advice traders to remain highly cautious this week ahead of some crucial data release on both domestic and global front.
BankNifty support @ 10200-240 is expected to hold for now & small bounce till 10800-11050 can be seen. If support breaks, then main problem will set in technically.
Support 5840/5805/5770/5730
Nifty ended day with bearish note. It closed down around support zone of 5840. Today Nifty may open on flat note. Ahead of RBI meet, Nifty may remain range-bound. Major support maintains @ 5805. Break below this, Nifty may test 5770-5730 & lower levels. Above 5880, some pull back may be seen towards 5910+ zone. Stiff resistance @ 5910-20 zone, sustaining above it, Nifty may extend its gain towards 5950-5970 & above. We advice traders to remain highly cautious this week ahead of some crucial data release on both domestic and global front.
BankNifty support @ 10200-240 is expected to hold for now & small bounce till 10800-11050 can be seen. If support breaks, then main problem will set in technically.
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