support zone 22567-22475
resistance zone 22783-22867
A long build-up was seen in 71 stocks, including REC, IndiaMART InterMESH, Bosch, Navin Fluorine International, and Dr Reddy's Laboratories.
The market, after hitting a record high, entered into rangebound trade and is expected to remain ranged for few more sessions given the chart patterns. The hurdle on the higher side for Nifty 50 is expected to be 22,800, and the support on the lower side is likely to be 22,500-22,400, which coincides with 10-day and 21-day EMAs (exponential moving average) respectively, hence the breaking of this range on either side can give firm direction to the index in coming days, experts said.
resistance zone 22783-22867
A long build-up was seen in 71 stocks, including REC, IndiaMART InterMESH, Bosch, Navin Fluorine International, and Dr Reddy's Laboratories.
The market, after hitting a record high, entered into rangebound trade and is expected to remain ranged for few more sessions given the chart patterns. The hurdle on the higher side for Nifty 50 is expected to be 22,800, and the support on the lower side is likely to be 22,500-22,400, which coincides with 10-day and 21-day EMAs (exponential moving average) respectively, hence the breaking of this range on either side can give firm direction to the index in coming days, experts said.
Trade closed manually:
TARGET ONE DONE DONE
Trade closed: target reached
prashanth