Nifty touched high of 2950 which is the resistance then turned down to 2890 levels which is support level, then regained to 2934.Nifty Technical Analysis
Downside
If the 2890 support is broken then Nifty will slip into the range of 2890 to 2825 which is shown with pink lines in graph. If the support line of pink is broken then Nifty will test previous lows of 2760-2660-2550.
Upside
If 2890 support level is not broken and if the high resistance level 2950 is broken then we can expect next higher range of 2950 to 3180 which is marked in green lines in graph.
There is small rise in volumes as FIIs are net buyers from last three trading sessions, DIIs are net sellers at same time.
No comments:
Post a Comment