Please try to understand how the market moves around the round numbers, where usually support and resistance levels are formed.
SUPPORT BECOMES RESISTANCE AND RESISTANCE BECOMES SUPPORT.
If there is a gap down opening below a support level, so when the price starts moving up, that support will act as a resistance.
If there is a gap up opening above a...
NIFTY may see some temporary recovery around 9000 levels. If it holds 8800 to 9000 zone it will act as a strong support if not it will try to correct further to 6970. Long term investors can plan to accumulate more once NIFTY settles. As of now doesn't seem to settle around 9000 level.
Above 10450 there are multiple supply zones and on the downside, there is a major demand zone @ 10125-10390. This is the last hope level. Once it sustains below this level the next level is 9850-9775. But it’s not easy to break 10125-10390 straight away.
If Nifty will sustain above 10470-10500 then it may bounce to 10585-10680. Above 10585-10680 the next...
Once expected breakout happens trend will confirmed, will post u the further moves soon... If you like hit on thumps up button below and share with others .
NSE:NIFTY Nifty has closed around its 200 day moving average its looks like it will probably bounce from here any gap down tomorrow is an opportunity for buy for me. If it breaks 200 dma and sustains bears will be in full control to drive prices lower to 11200.
My plan: Buy any gap down or flat opening tomorrow and place stop loss around 70 points as per...
The Support and Resistance Levels for the Nifty50.
The most important Yearly Level for Nifty 12337 if the price holds the level the next target will be 12535 (+190 Points) if the level fails the next immediate support will be 12008(- 330 Approx).
