Keep an eye on century textile it has been trading into this zone since April now. Expecting it to leave this zone soon in near future.
Reason to buy:
1) Taking support on major support line
2) Taking support from the below trend line.
3) Negative market sentiment did not push this further down below.
According to market sentiment it can touch lower most...
Nifty - Technical Analysis:
-Nifty gapped up above 11500 and took support near previous close to move up
-A strong uptrend was observed in the last few hours as price closes to the resistance zone of 11600
Market - Driving Factors:
-The move today was in sync with a positive opening in the European markets which is banking on additional stimulus measures to...
If the price closes/falls below 185 then there is a high chance that it can reach 173 which acts as a support.
If the price breaks 190 and the upper trend line then the target is 210
185 to 190 acts as a crucial zone. So wait for a confirmation in either of the direction.
Trade safe !
Stay safe !