Nifty 50 (9788)
• Nifty had hold the zone of 9740-9780 in the morning hour on Friday, but showed slide down in the last hour closing with selling signals active.
• Now if nifty trades below 9770-9760 zone it can show sharp fall towards 9590-9400 in this month.
• To show uptrend resuming it has to trade above 9820 to show 9880-9940.
INTRADAY VIEW
It has stiff resistance @ 9800-9820
Below 9760 it can slide to 9730-9660
Above 9820 it can show 9840-9880
• Nifty had hold the zone of 9740-9780 in the morning hour on Friday, but showed slide down in the last hour closing with selling signals active.
• Now if nifty trades below 9770-9760 zone it can show sharp fall towards 9590-9400 in this month.
• To show uptrend resuming it has to trade above 9820 to show 9880-9940.
INTRADAY VIEW
It has stiff resistance @ 9800-9820
Below 9760 it can slide to 9730-9660
Above 9820 it can show 9840-9880
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