Flip Level 19550
Gap up trade above 19550
Gap down trade below 19500
Nifty is still bearish and there is no reason to look for long trades yet! It need to prove support at 19400 to make higher levels
- 19545 is swing high in down wave from 19800 to 19300. As long as price is below this level Nifty will be in selling pressure
- Friday trade couldn't write off this level at any point of time during the day though looked pretty pumped all through the session
Gap up trade above 19550
- R1 19600
- R2 19680
Gap down trade below 19500
- S1 19450
- S2 19390
- S3 19330
Nifty is still bearish and there is no reason to look for long trades yet! It need to prove support at 19400 to make higher levels
Comment:
Next week Nifty can take support at 19200