Ruzbeh

Nifty to enter danger zone soon of 10620 to 10730

NSE:NIFTY   Nifty 50 Index
Nifty in todays afternoon session was pushed back towards the high. Most probably tomorrow morning also buyers will try to push it to a new high of 10617-10620 which is the start of resistance zone . Nifty may either correct sharply or continue small rallies consolidating in the zone of 10620 to 10730. Good thing would be to stay neutral and wait for further price action to unfold. Todays low would be essential to hold or else we see hanging man formation on Nifty near resistance which is not a good sign for bulls

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