Nifty(11287): #ApproachingLongTermDemand #ChannelSupport Key MA

NSE:NIFTY   Nifty 50 Index
Key MA approaching 50DMA & 100DMA

Immediate hurdle @ 11350-11400 till not crossed expect lower levels of 11230-11160 gap where buyers will come in....

If 11400 is crossed and sustained relief rally towards 11575-11610 where sellers will try to come in with lower high lower low formation on daily chart ....

61.8% retracement of 10925 to 11760 come @ 11235 and 76.4% @ 11110 will also act as support.

61.8% retracement of 10557 to 11760 come @ 11290 and 76.4% @ 11150 will also act as support.
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