Nifty closing price @ 5750
Nifty support levels @ 5690-5560
Nifty resistance levels @ 5920-6040
Last week in our Nifty Technical Analysis, We mentioned Nifty is expected to trade in range of 5750-5950. Nifty consolidated @ 5820-5900 for 1st 2 days and later nifty corrected and closed around 5750 which is 200 DMA also. Nifty still trading in range of 5720-5920 for last few weeks. For Next week, 5720-5690 is crucial support. Closing below 5690, Nifty can drift towards 5620-5560. On Upside, Strong resistance @ 5910-5950. Nifty failed to cross 5920-50 in multiple attempt. Closing Above 5920-50, Nifty will move towards 6040-6100. Short term neutral. Bearish below 5690 & Bullish Above 5820 Spot Closing. Medium Term & Long Term still Bullish.
" Trade with Levels not with Hope "
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
Nifty support levels @ 5690-5560
Nifty resistance levels @ 5920-6040
Last week in our Nifty Technical Analysis, We mentioned Nifty is expected to trade in range of 5750-5950. Nifty consolidated @ 5820-5900 for 1st 2 days and later nifty corrected and closed around 5750 which is 200 DMA also. Nifty still trading in range of 5720-5920 for last few weeks. For Next week, 5720-5690 is crucial support. Closing below 5690, Nifty can drift towards 5620-5560. On Upside, Strong resistance @ 5910-5950. Nifty failed to cross 5920-50 in multiple attempt. Closing Above 5920-50, Nifty will move towards 6040-6100. Short term neutral. Bearish below 5690 & Bullish Above 5820 Spot Closing. Medium Term & Long Term still Bullish.
" Trade with Levels not with Hope "
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
