Monday, August 26, 2019

Nifty Reversal Point

Market prediction


Good Morning and Wish You a Happy Trading Session ….



After a continuous correction Nifty Future has taken a sharp bounce back of 233 points within an hour on Friday.

Although that was sharp up move, but today’s trade will clear it was bounce back or starts of a fresh rally.


Key Support-Resistance level of Nifty Future


Vital resistance of the day is 10923.90; if Nifty Future cross the level with volume then may face next hurdle at 11047.60.

Tough hurdle of the day is 11155.10;

If Nifty Future opens at gap-up then profit booking may drag Nifty Future around 10620.10.

Crucial support of the week is 10532.30.

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