NIFTY 50 VIEW
Nifty 50 (10605)
▪Nifty has reversed from its selling pattern of previous days and closed above its resistance zone of 10530-10560.
▪Now this zone will act as bounce back support and it can show rally towards 10900 in this week.
▪If crosses 11000 it can show new high in coming weeks
▪Trading below 10540 can shed it to 10480.
▪Maintaining above 10600, it can show 10650-10680-10760.
Nifty 50 (10605)
▪Nifty has reversed from its selling pattern of previous days and closed above its resistance zone of 10530-10560.
▪Now this zone will act as bounce back support and it can show rally towards 10900 in this week.
▪If crosses 11000 it can show new high in coming weeks
▪Trading below 10540 can shed it to 10480.
▪Maintaining above 10600, it can show 10650-10680-10760.
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