Nifty was on a bear trend yesterday and closed at 5541.Today the first resistance for nifty is at 5553-57 level.Next resistance is at 5570-75 level.Next resistance is at 5589-93 level.Next resistance is at 5613-18 level.Next resistance is at 5630-34 level.Next resistance is at 5654-59 level.Next resistance is at 5683-87 level.Next resistance is at 5728-33 level. Next resistance is at 5743-48 level.Next resistance is at 5788-93 level.Next resistance is at 5842-46 level. On downside first support is at 5533-28 level.Next support is at 5517-14 level.Next support is at 5495-91 level.Next support is at 5458-55 level.Next support is at 5437-34 level.Next support is at 5410-05 level.Next support is at 5381-78 level.Next support is at 5363-60level.Next support is at 5330-25 level.next support is at 5309-05 level.The bear trend continued but nifty range is still with in our range of 5655 and 5530 but now the trend looks bearish so care not take longs below 5528 level and below 5500 sell off can happen.So today main intraday hurdle are at 5570-75 level and 5593 level.So unless atleast above 5575 do not think about long side.Positionally main hurdle is at 5750 level.
No comments:
Post a Comment