NIFTY 50 VIEW
Nifty 50 (10671)
▪Nifty has broke its support zone of 10690 on closing basis and is trading near its positional support of 10650.
▪It has covered the range of trade of a week near 10650 so a bounce can take place today towards 10800 on holding 10650.
▪If breaks 10650 it can slide to 10620- 10570-10540.
Today resistance will be 10710.
▪But if holds 10690, and trades above 10710, it can again show 10750-10800.
▪Volatility can take over the index due to expiry.
Nifty 50 (10671)
▪Nifty has broke its support zone of 10690 on closing basis and is trading near its positional support of 10650.
▪It has covered the range of trade of a week near 10650 so a bounce can take place today towards 10800 on holding 10650.
▪If breaks 10650 it can slide to 10620- 10570-10540.
Today resistance will be 10710.
▪But if holds 10690, and trades above 10710, it can again show 10750-10800.
▪Volatility can take over the index due to expiry.
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