Nifty Futures Holding LevelsNifty Futures
Finally Nifty start closing above 17500 levels.
A major trend line from top may act as a level of resistance.
The point we are concerned about is the lack of a significant retracement.
Near term target May be 18100, with support around 17200-17000
and major support will be around 16750.
Stockline
Nifty Futures Analysis, Nifty at crucial level.Nifty Futures Analysis, Nifty at crucial level.
The Nifty is likely to retrace and rise further, if it breaks the resistance line and stays above 17500, we may see new highs in the short to medium term. On the downside, major support should be around 17000-16500. Current scenerios, news is always going to have a major impact.
Silver MCX looks promisingSilver MCX looks promising at this level
After several attempt to break trend-line it is
once again at the level, RSI crossing 50 levels
If breakout occurs and stays above the Resistance we may see level around 63100-64800.
However if failed, reversal happens from this level! then nearest
support will be around 59950-58890.
Thanks