NIFTY TREND & LEVELS FOR 17/07/2013
Updated for-Jul/17/2013
Nifty was on a bear trend and closed at 5955 level. So today the first resistance for nifty is at 5988-93 level. Next resistance ranges are at 6022-27,6050-55,6075-80,6100-05,6124-29,6140-45,6180-85 levels. On downside first support is at 5923-18 level. Next supports are at 5889-85,5834-30,5800-95,5780-75,5741-36,5722-18,5702-98,5670-65,5623-18,5590-85,5569-65,5536-32,5518-14,5497-92,5477-74,5445-41 level.Nifty is in bull region but better long should be taken only above 5993 level.So today intra resistance are at 5993 and 6027 level and on down side support are at 5918 and 5885.Below 5918 better avoid longs. Have a look at weekly trend.
Positional Support for NIFTY 5903 5893 5877 5857 5839 5832 5829 5790 and positional Immediate resistance for NIFTY is 6050.
Intraday Resistance of NIFTY are 6021.2 : 6076 : 6071.6 : 6087.8
Intraday Support of NIFTY are 5889.3 : 5834.5 : 5840.1 : 5824.2
Oscillator AnalysisThe oscillator is showing BUY signal but be cautious on NIFTY since NIFTY is trading in overbought level.Short Term Oscillator Analysis-The signal is BUY but NIFTY is in overbought level.
Nifty was on a bear trend and closed at 5955 level. So today the first resistance for nifty is at 5988-93 level. Next resistance ranges are at 6022-27,6050-55,6075-80,6100-05,6124-29,6140-45,6180-85 levels. On downside first support is at 5923-18 level. Next supports are at 5889-85,5834-30,5800-95,5780-75,5741-36,5722-18,5702-98,5670-65,5623-18,5590-85,5569-65,5536-32,5518-14,5497-92,5477-74,5445-41 level.Nifty is in bull region but better long should be taken only above 5993 level.So today intra resistance are at 5993 and 6027 level and on down side support are at 5918 and 5885.Below 5918 better avoid longs. Have a look at weekly trend.
Positional Support for NIFTY 5903 5893 5877 5857 5839 5832 5829 5790 and positional Immediate resistance for NIFTY is 6050.
Intraday Resistance of NIFTY are 6021.2 : 6076 : 6071.6 : 6087.8
Intraday Support of NIFTY are 5889.3 : 5834.5 : 5840.1 : 5824.2
Oscillator AnalysisThe oscillator is showing BUY signal but be cautious on NIFTY since NIFTY is trading in overbought level.Short Term Oscillator Analysis-The signal is BUY but NIFTY is in overbought level.
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