FREE NIFTY Technicals, Support & Resistance Levels, Market Breadth, Nifty Trends, Nifty Outlook & Nishant's Oscillator
Observations & Possibilities:
Chances of selling pressure on Thursday.
5220 or 5100 (the green trendline) are important intraday support for Nifty tomorrow.
3 to 5 % move from currant levels is possible, this brings 5050 & 5400 on Nifty in picture. Global trend will decide the direction of the move.
5340 & 5400 targets for Nifty’s intermediate uptrend.
Any level above [...]
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Thursday Nifty opened with gap on upside and for next two hours the was positive sentiment in the market. But still Bears are having control over market and because of that market had sharp fall of 100 points in Nifty after testing 4930. Nifty intra day support was near 4960. Intra day resistance for Nifty [...]
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Friday Nifty moved in a two day range of 5100 to 5180 . Market just not sustaing above 5140. Auto stocks were the weakest while pharmacy stocks were stronger than market. Global market trend was down during Indian market hours.
A cluster of three days trading range is formed on Nifty chart. Expect a decisive breakout soon. Two thoughts in the market :
Analysts anticipating Double Top pattern are recommending [...]
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