Nifty Chart - Hourly:
Toady Nifty took support from previous resistance levels of 4450. Now this level becomes crucial, if this support breaks convincingly bulls may weaken temporarily.
On the higher side day before yesterday's high may of 4518 become first resistance. Above which it may reach up to 4550 then 4575 levels. 4620 may become next major resistance.
On the lower side Nifty may take support from yesterday's low of 4440 levels, below which the small gap which was left unclosed may give support for today. Below that bears may gain little strength to take market towards 4345 levels.
2 comments:
Hi..Doji,
Your postings during market hours with meticulous detailed workings on the charts and prompt follow ups graduates you to much higher levels.
Your focus and straight forward observations will continue to keep you in good stead.
As long as you enjoy what you are doing, you are on the right track.
Best regards.
ilango
Thank you ilango for the encouragement. Its always great to see your comment.
Doji
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