Nifty has formed a range of 300 points in this week
Range High is 18100 , it will act as resistance
Range Low is 17800 , it will act as support
next week if the price close above 18100 there will be shift in range and we seel good movmentum for till 18300 and 18300 will act as key resistance for next week same way if the price trade below 17800 , we might see a fall by 200 points till 17600 , 17400 is the daily support of nifty , breaking this will be blood bath of the nifty and nifty will change its tread to breaish
Range High is 18100 , it will act as resistance
Range Low is 17800 , it will act as support
next week if the price close above 18100 there will be shift in range and we seel good movmentum for till 18300 and 18300 will act as key resistance for next week same way if the price trade below 17800 , we might see a fall by 200 points till 17600 , 17400 is the daily support of nifty , breaking this will be blood bath of the nifty and nifty will change its tread to breaish
Commentaire:
Looks like nifty loosing momentum failed to close above 18100 , so it might retest 18000/17800