Nifty Chart - Daily:
Nifty Chart - Hourly:
Nifty took support from 61.8% of the up move from 4344 to 4501 levels on Friday. Initial target for this would be 4560 levels. If it breaks this level decisively then next resistance comes at 4600 levels. 4600 level is a good resistance, one need to observe price action carefully to reverse long trade to short trade, on breaking this levels it may reach up to 4665 levels. Which is also the target for the Inverted head and shoulders formed in Nifty.
On lower side 4500 may give good support for Nifty, next support comes at 4460 levels.
On lower side 4500 may give good support for Nifty, next support comes at 4460 levels.
6 comments:
your views on GMR Infra & How Nifty would close today considering global cues?
Many Thanks
Hi Doji,
How do you see nifty closing today based on present scenario ?
Regards,
Arvind
Hi krishna, Arvind
Target for GMR infra is 142, There is possible bearish ABCD patten in Nifty. I will book some profits at my previous given target 4665 and will hold on to longs till, it gives signal for short entry. Watch the price action carefully in Spot and futures.
- Doji
Thanks Doji for your valuable inputs.
Is 4660 levels right time to exit from Reliance.
Much appreciated.
Cheers
Thanx Doji for ur input.........GBY
again SPOT ON Analysis, Doji!!
Thanks a ton
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