Today Indian Stock markets opened flat and witnessed selling pressures as the day progressed which lead the indices to close deep in red. On the basis of daily charts and reports we are witnessing that the prices have taken support on the upward Gap Area which was formed in the range of 20,538 -20,605 / 6,182 - 6,199 levels. At present the intermediate trend is still intact and Indices have support at 20,438 - 20,216 / 6,150 - 6,100 levels. Since the Upward Gap area has acted as a support for the markets a bounce up to 20,675- 20,740 / 6,223- 6,240 levels in the coming trading session cannot be ruled out.
Nifty Intraday Levels : This profit taking is expected to continue with Nifty having support at 6,161 and if it falls below this level then further selling can be seen. On the other hand Nifty has resistance at 6,243 and 6,307 level
Nifty Intraday Levels : This profit taking is expected to continue with Nifty having support at 6,161 and if it falls below this level then further selling can be seen. On the other hand Nifty has resistance at 6,243 and 6,307 level
Well posting Mr.Blogger about Marketing Technical views.