Nifty Chart
Nifty Trade Support 5878-5870 Resistance 5945-5967
Nifty Trend Support 5838-5819 Resistance 5977-5981
Closing basis Resistance 6000 and Support 5650
Hourly chart oscillators are in over bought zone and over sold zone in daily chart
implies that intra day negative move with positive closing is possible. Yesterdays
GAP UP and closed above 5900 indicates that the confirmation of test the lower
tops trend line 6229-6142, that is around Trend Resistance. Any new low
below 5700 will issue the new high 6151+++. But, Short covering above 5970 is
possible up to target 6151 directly without getting the new low. Today's close
will issue the clear cut direction for the further move.
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