Nifty Future immediate resistance is at 5437-5448 if fails to cross this zone then the current rally may get arrested.
Immediate support comes at 5337-5316
However; daily chart shows resistances at 5483-5559-5589. But I would still suggest Buying on dips as the oscillator’s shows slide may materialize towards 5252-5211 on failure to get beyond the mark of 5437-5448.
* The index charts seem to be opening the gateway for the bulls as a Bullish” island reversal pattern” is getting formed, if it is confirmed then it has the potential to end the long bearish phase.
No comments:
Post a Comment