Nifty (6020)
The bulls are still indecisive as shown by the dragonfly doji candlestick pattern on the end-of-day chart of the Nifty. Today, the range between 6010 and 6041 would be quite crucial since staying above this range on a sustained basis would indicate bullishness while any decisive fall below 60010 would signify fresh bearishness setting in. However, the next strong supply zone between 6110 and 6133 would be another hurdle that the bulls would need to overcome. Chances are we would see a lower close today despite a probable higher opening around 6024.
Most critical levels for the day: 6007 – 6045, its immediate resistance as well
Strong resistance: 6037 – 6053
Major resistance: 6092
Strong support: 6000 – 5990
Major support: 5947 – 5947
The bulls are still indecisive as shown by the dragonfly doji candlestick pattern on the end-of-day chart of the Nifty. Today, the range between 6010 and 6041 would be quite crucial since staying above this range on a sustained basis would indicate bullishness while any decisive fall below 60010 would signify fresh bearishness setting in. However, the next strong supply zone between 6110 and 6133 would be another hurdle that the bulls would need to overcome. Chances are we would see a lower close today despite a probable higher opening around 6024.
Most critical levels for the day: 6007 – 6045, its immediate resistance as well
Strong resistance: 6037 – 6053
Major resistance: 6092
Strong support: 6000 – 5990
Major support: 5947 – 5947
No comments:
Post a Comment