Good Morning and Wish You a Happy Trading Session
Key Support-Resistance level of Nifty Future
Yesterday
written:
From any of
resistance level correction of 205 points is quite possible.
Yesterday NF high
was 11895 – low 11687 = 208 points.
Now below
11675.85 crucial support of the day are 11662.25.
If Nifty Future
take a bounce back from level then a fresh rally may start.
Vital resistance
of the day is 12049.60, above 12095/12107.45
very tough hurdle for today and tomorrow 12342.50.
very tough hurdle for today and tomorrow 12342.50.
Today’s Overview:
Overall trend is up till
23rd May. After that a sharp correction is quite possible.
Reliance:
Yesterday written:
“And close
below 1334/1332 today may start bleeding.”
The stock
makes low 1330 and reverses to 1367.
Vital
resistance of Reliance (cash) is 1370/1372.35; fail to cross this level
Reliance may start to melt down sharply.
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