- As you can see in the pictures Nifty close to 200 day average
- Nifty has very critical resistances above 5420,Once it passes through 5420 then a big hurdle at 5489 where we can witness a good amount of profit booking
- Even derivative data suggesting resistance at 5500 level and support at 5000 levels.
- This week we may witness a range bound momentum,Initially we have a support at 5339 and below that a strong support at 5274\
- Strength only prevails above 5392 mark
Best to your trading
