The last week nifty closed at 4943.25.
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The 20 day highest and lowest closing is 5153 and 4835 which means nifty range to operate in the short range lies between above referred levels. Watch out the above levels carefully.
ReplyDeleteTechnically nifty is very weak as all simple moving averages for short, mid and long term is in negative territory making every rally a sell rally at higher resistances levels.
ReplyDeleteStrong support for nifty exists at 4759 and higher resistances at 5168.
ReplyDeleteStrong support for nifty exists at 4759 and higher resistances at 5168.
ReplyDelete