NIFTY 50 VIEW
Nifty 50 (10265)
Nifty has bounced back from its strong support zone of 10040-10070 zone (with a low of 10033) as mentioned in our earlier reports.
Nifty also maintained the gap up opening and has closed near the high of Friday [10270].
Reversal signals are active with a positive pattern formation in daily and weekly charts.
Now on trading above 10280 and on crossing the trend-line resistance of 10350 nifty can show 10400-10420 zone in this week.
If trades below 10200-10180 zone, it can again slide down to its support zone of 10100-10080.
Nifty 50 (10265)
Nifty has bounced back from its strong support zone of 10040-10070 zone (with a low of 10033) as mentioned in our earlier reports.
Nifty also maintained the gap up opening and has closed near the high of Friday [10270].
Reversal signals are active with a positive pattern formation in daily and weekly charts.
Now on trading above 10280 and on crossing the trend-line resistance of 10350 nifty can show 10400-10420 zone in this week.
If trades below 10200-10180 zone, it can again slide down to its support zone of 10100-10080.
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