Nifty – Dead Cat Bounce is Possible?

Key Support-Resistance level of Nifty Future

§  First support of the Nifty Future is 9203.95;

§  First resistance is 9283, above 9371.75 Nifty Future may touch 9498.50.

§  Any kind of intraday bounce back is good opportunity to go short.

Nifty – Dead Cat Bounce

Nifty Future’s possible activity

·        First resistance of the day is 8418/8422.

·        Vital resistance is 8470//8466

·        Tough hurdle is 8493---8497

·        Vital support is 8270.50, below this 8189.50;

·        From day’s high sharp correction is quite possible.

Nifty - dead cat bounce

Good evening, wish you happy trading session tomorrow.

Key Support-Resistance level of Nifty Future

§  Vital resistance of Nifty Future is 11891 OR 11909

§  Vital support is 11726.95 OR 11722.

§  Nifty Future may reverse from tomorrow’s low.

05:42  pm, 25^th February, 2020