Now the situation in which we are, is such that very soon we may see a make or brake kind of situation. Today Nifty made a Doji, showing the great level of indecisiveness. If any good announcement comes out from government, then we can see a good rally, otherwise there can be significant downfall. It is now out of my imagination, that if there is a fall at what levels can this fall lead. Other wise earlier I was of the opinion that 2253 may not be tested atleast in December.
Today Technology did not lend a support other wise it would have been a different day. Laggards of previous week like Tata Steel, State Bank, DLF, Maruti, PNB staged back good recovery today. For tomorrow if the big boy Reliance stages a rally and if Nifty does not give up 2655.00 then it will be a discomfort for the Bears.
Today Technology did not lend a support other wise it would have been a different day. Laggards of previous week like Tata Steel, State Bank, DLF, Maruti, PNB staged back good recovery today. For tomorrow if the big boy Reliance stages a rally and if Nifty does not give up 2655.00 then it will be a discomfort for the Bears.
- Resistance levels.
- 2727 - 20 day WMA
- 2780 - 20 day TMA
- 2793 - 20 day EMA
- 2799 - 20 day SMA
- 2863 - 61.8% Fib retracement of the range 2253 - 3241
WHERE PIVOT POINT is 2654.02.
| | DAILY For Next Day |
|---|---|
| RESISTANCE 1 | 2,696.08 |
| RESISTANCE 2 | 2,735.72 |
| RESISTANCE 3 | 2,777.78 |
| SUPPORT 1 | 2,614.38 |
| SUPPORT 2 | 2,572.32 |
| SUPPORT 3 | 2,532.68 |
