#NIFTY might start positive but its a SELL ON RALLIES market.
NIFTY broke the important support of 10235 and now the 10280 becomes a strong resistance.
I expect nifty to touch the levels of 10052 and 9996 in the upcoming sessions and also on the basis of the OI analysis 10000 seems like a very strong support. So do apply profit booking at the levels given.
And as you can see my levels are working nicely on the chart.
I expect nifty to touch the levels of 10052 and 9996 in the upcoming sessions and also on the basis of the OI analysis 10000 seems like a very strong support. So do apply profit booking at the levels given.
And as you can see my levels are working nicely on the chart.
Note
Markets been behaving the same way as described in this idea. KEY LEVEL ZONE to watch out for is 10052-10062.
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