NSE:NIFTY Nifty 50 Index
NIFTY TREND CHANGER LEVEL AT 10410
NIFTY ROLLOVER COST AT 10395
LAST ANALYSIS mentioned that long positions for the day can be taken above 10370 and short positions can be taken below 10280 . Nifty triggered our SHORT trade for the day and completed ALMOST 2 targets 10140 . As mentioned in the previous post " Now this week Nifty has to sustain / close above 10310 to test 10450 - 10675 initially and above it till 10765 - 10860 next . For a further downmove this week Nifty has to sustain / close below 10250 to test 10210 - 10185 initially and below it till 10145 - 10100 next ..
For coming week bulls need to trade above 10250 for a move back towards 10500/10765. Bearish below 10100 for a move towards 10000/9900.
NOW NIFTY HAS SEEN STRONG SUPPORT ZONE 10140-10100 HOWEVER PAST WEEKS NIFTY CONSISTENTLY FACING SELLING PRESSURE FROM 10620-10500 . AND BEARISH BELOW 10200 CAN TEST 10150-10100 -9900 LEVEL
Nifty FUTURE Levels for the WEEK are
Long above 10270 TARGET= 10350-10410 - 10581 SL 10210
Short below 10160 TARGET= 10120 - 10990 - 9900 , SL 10220