RARE COMBINATIONS. FRIDAY DAY'S CANDLE ENGULFS CANDLES OF PREVIOUS TWO DAYS. HOWEVER IT HAS TO BE SEEN HOW MARKET TAKES THE RECENT ANNOUNCEMENTS. IF MARKET GAPS UP AND FALLS ITS SUPPORTS ARE 11106,11030,11003,10974(IF GAPS UP ABOVE 11106) AND NIFTY LIKELY FACE RESISTANCE AT 11148. THEN LEVEL AT RETRACEMENT LEVEL IN THE CHART AND 200 DMA OF COURSE NEXT RESISTANCE LEVELS ARE 11270 AND 11305. LET US HOPE THIS TIME SELL ON NEWS WON'T TAKE PLACE. PREVIOUSLY ONCE SELLING WAS OBSERVED AT 200 DAYS SMA.
Any views on recent saudi blast news and how its going to impact NIFTY 50 on monday.
bijoy2526
⋅
@lalitsethia, negative for indian market. even some analysts are believing if the production in saudi arabia is not restored in a short span oil price may shoot to 100 dollars per barrel(yahoo finance).so let us see how Asian market behaves in the morning. Certainly negative for indigo etc.
bijoy2526
⋅
nifty has strong resistance at 11140-11150 if sustains above it may rise.