Nifty Futures Hourly Chart:
As nifty moved up around 13% with out any good pullback. Retracements are good and healthy for increasing the momentum, which is very much required for any kind of trending market. I am expecting this momentum to cease in next few sessions and may show a pull back.
On the higher side 4550 - 4575 levels may act as resistance. Above which 4620 may become next resistance.
On the lower side nifty has made good number of supports. Initial supports are 4480 -4450 levels, todays's low may act as very good support if Nifty breaks 4450 levels.
On the higher side 4550 - 4575 levels may act as resistance. Above which 4620 may become next resistance.
On the lower side nifty has made good number of supports. Initial supports are 4480 -4450 levels, todays's low may act as very good support if Nifty breaks 4450 levels.
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