Strategy : Trend Lines and Support /Resistance
Support : 19330-19480
Resistance 19610
Entry levels:
In the last week, Nifty could not hold the 19860 levels and fell sharply to the 19650 levels on wednesday and the previous week expiry touched 500 levels, but, closed around 19630 levels.
We still see the selling pressure in nifty window and could not cross...
Today nifty will open gap down of 60-80 points. Expected it will open near 14720-14750 levels. If nifty trading below 14700 support then possible strong downfall of 200-300 points. Upside will be done if nifty trading above 14880.
Yesterday nifty gives breakout of its previous resistance after breakout this level expected nifty will give 15275+ target in today's trading session. Possible we will get small correction fro 15275 level. strong Downside only possible if nifty trading below 15100 level.
560 is a strong level for M&M
If market opened above 565 ,there is a high chance for a fake breakout
if opened below 555, buy with a target of 1% or nearest resistance
