Though NIFTY reached a new range high last friday, it couldnt last longer and there was a pull back all the way to test the support levels of 4585.
The bullish undercurrent is also very much seen eventhough there has been a retracement. In any case 4550 should act as another strong support level and only on a break and close below that would impart further weakness to this move.
Till then there is always a chance of testing 4736, 4794 levels before this expiry.
Resistance levels : 4611, 4636, 4665
Support levels : 4565, 4550, 4508
No comments:
Post a Comment