NIFTY 50 VIEW
Nifty 50 (11360)
Nifty showed a new high last week of 10390 with a breakout above 10344 the stiff resistance level of positional charts.
This week it can show new high of 11420-11460 as on Friday nifty reversed after a fall of previous two days with a marubozu pattern.
Support levels for the week are at 11200.
All dips towards 11300-11260 can be used as buying opportunities.
Close below 11200 can show some cool down pressure in the index.
Nifty 50 (11360)
Nifty showed a new high last week of 10390 with a breakout above 10344 the stiff resistance level of positional charts.
This week it can show new high of 11420-11460 as on Friday nifty reversed after a fall of previous two days with a marubozu pattern.
Support levels for the week are at 11200.
All dips towards 11300-11260 can be used as buying opportunities.
Close below 11200 can show some cool down pressure in the index.
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ReplyDeleteArvind Virmani