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Observations & Possibilities: Expecting 2 to 5 % move in next few days. 4960/5180 possible. 5040 is important support. 5180 & 5400 levels or previous tops are possible but difficult targets for Nifty. This is a testing time for bulls as the area between 5070 to 5130 is a dangerous supply zone. On 25 May Nifty has [...]
Tags: breakout, market watch
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Reading Glossary is recommended for better understanding of this column Observations & Possibilities: Nifty has broken 4960 decisively. In short term 4850 & 4620 levels are possible on downside for Nifty. 4200 possible in few months on NIfty. Intermediate trend of Nifty will turn UP if it closes above 5210. The red trend line in the chart is important supply zone. [...]
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