Akhil008
Long

NIFTY | Support Zone

NSE:NIFTY   Nifty 50 Index
With all the positives surrounding sovereign upgrade Nifty opened around 100 pts upwards. But intraday fall doesn't look healthy. However support zone is seen between 10245 and 10285 and there's high chance of a bounce off that area which should take the index to all time high levels. On the other hand we should be wary of crucial support area between 10135 and 10180, a breach of which would pull down index to much lower levels. But that looks least likely.
Comment: 10245/285 holds the index as expected. If buying momentum continues we could soon see 10480 or even higher highs.
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