Nifty tried hard to break the resistance we marked at 8823. But failed but we believe it will do it this week and can move up.
We still believe that Nifty is in Bull phase and we can see some more higher levels after crossing the level 8830.
We had marked 2 levels on higher side for up movement which will act as resistance for nifty with +-5 point range and 4 levels on downside which can become support for nifty on any downfall with +-5 point range.
Upside levels for nifty if goes above 8830 are 8894/8944
Downside levels if unable to cross 8830 & comes below 8750 then 8675 will be decider & below it 8600/8547.
We still believe that Nifty is in Bull phase and we can see some more higher levels after crossing the level 8830.
We had marked 2 levels on higher side for up movement which will act as resistance for nifty with +-5 point range and 4 levels on downside which can become support for nifty on any downfall with +-5 point range.
Upside levels for nifty if goes above 8830 are 8894/8944
Downside levels if unable to cross 8830 & comes below 8750 then 8675 will be decider & below it 8600/8547.