Nifty Chart - 5 Mins:Nifty opened a gap up of 32 points, exactly at 4570 levels, took resistance here and moved down and took support from 4520. Both these levels were mentioned in the
morning post. Later on bears tried to crack this 4520 levels with big volumes. They succeed for a brief time but the happiness never lasted for them, as nifty immediately took support from yesterday's pivot levels of 4510 and bounced back.
On the higher side, 4540 levels were very hard to break for the bulls. But after some sideways consolidation, the break out happened with good volumes. Later on with increased demand, market moved up very fast towards the resistance levels. The red resistance trend line held very well.
1 comments:
Can we have daily(EOD) supports/resistances on the intra-day charts? Can you give your email address for further discussions-cambatta@gmail.com
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