Yesterday's session had a retest of the 20 DMA at 4439 and the moment that level was reached, NIFTY was pulled back almost to the previous close.
NF reached a level of 4447. So the level of 4450 has been established as a strong resistance once again and the view remains the same. Any move that can break 4450 levels will be extremely bullish from this point.
On the other hand a break of 4350 level on the downside, will push NIFTY further low to test 4314 levels which can then provide some support.
Resistance levels : 4405, 4428, 4450, 4490
Support levels : 4350, 4314, 4289, 4256
No comments:
Post a Comment