NIFTY 50 VIEW
Nifty 50 (10749)
▪Nifty broke yesterday the trend-line resistance of 10780, in the opening but failed to close above it.
▪Today on trading above 10800, it can rise to its positional resistance of 10840 and if manages to cross that it can show 10888-10920.
▪Trading below 10700, can show levels of 10680- 10640.
▪As mentioned yesterday during the day all dips can be used as buying opportunities with the support of 10640 on closing basis.
Nifty 50 (10749)
▪Nifty broke yesterday the trend-line resistance of 10780, in the opening but failed to close above it.
▪Today on trading above 10800, it can rise to its positional resistance of 10840 and if manages to cross that it can show 10888-10920.
▪Trading below 10700, can show levels of 10680- 10640.
▪As mentioned yesterday during the day all dips can be used as buying opportunities with the support of 10640 on closing basis.
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