skymahi

skymahi Updated 

In Nifty Spot - Seems supply around 10830 level.

skymahi

Seems to be momentum loss in bank nifty. Expect swing failure below 20900 level until it sustains above 22500. Once it slips below 20900 we can expect our targets would be 19500 and 17200. Let's see!

skymahi

Nifty will face resistance around 10600-10700 levels. It completes it retrace level 61.8%. And also negative divergence seems at the top. Nifty may take "U" turn from this point towards 8700.

skymahi Updated 

Nifty takes strong support around 10000 level. It looks to break recent swing high 10175. If it breaks then move upwards till Fibonacci 161.8 level (10558). And also it has strong static and dynamic resistance around 10600 level. So my view is if it breaks 10200 level, may expect another 300-400 points on upside.