Nifty Future immediate support is placed at 5251-5263 and if breaches with volume we may see sharp slide to 5223.
A Break below 5223 mark is not at all favorable for bulls. Any break below this channel we may again retest 5175 levels.
Immediate resistance comes at 5337 and if trades with significant volumes above 5337 then it can rush to the next supply zone of 5383-5403.
However my advise is caution to the traders for blindly betting longs.
Nifty Weekly chart.
No comments:
Post a Comment