It was asserted on the Friday post that "it can really become quite bullish after crossing 4589/92 zone". We made a comfortable gap up above that level and went to one of the crucial resistance @ 4677. The breakout zone worked as support while retracing from the top. Now for the shortest term it's still looking bullish and can cross 4677 zone for next higher levels....
So for the week and month beginning,
Supports: 4607/04 is the most important level to watch to maintain the uninterrupted bullish on
short term also. Below that Nifty can target 4585-4555/44 zone.
Resistances:4658 78.6 rt of 4679-4585 down move), above that the last high will be again challenged, above crossing that nifty can target 4710/21-4769/79 zone.
So for the week and month beginning,
Supports: 4607/04 is the most important level to watch to maintain the uninterrupted bullish on
short term also. Below that Nifty can target 4585-4555/44 zone.
Resistances:4658 78.6 rt of 4679-4585 down move), above that the last high will be again challenged, above crossing that nifty can target 4710/21-4769/79 zone.
0 comments:
Post a Comment