NIFTY 50 VIEW
Nifty 50 (11143)
• Nifty on Friday showed huge sell off after facing resistance at 11340 zone though in the first hour crossed previous day high with a positive sign but did not hold on higher levels.
• It also broke the major bounce back support level of 11020.
• Nifty bounced sharply after a low of 10866 closing above 11020.
• For upcoming week 11020-10840 can act as support zone if holds can resume and closing above 11160 can show 11340.
• Below 10840 gates open for 10690-10500.
Nifty 50 (11143)
• Nifty on Friday showed huge sell off after facing resistance at 11340 zone though in the first hour crossed previous day high with a positive sign but did not hold on higher levels.
• It also broke the major bounce back support level of 11020.
• Nifty bounced sharply after a low of 10866 closing above 11020.
• For upcoming week 11020-10840 can act as support zone if holds can resume and closing above 11160 can show 11340.
• Below 10840 gates open for 10690-10500.
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