Hi All,
As expected and posted earlier (Link - http://hrishikeshprabhavalkar.blogspot.in/2013/03/bulls-tired-now.html),
Nifty was hammered down till the exact support areas mentioned in the earlier post. It bounced back from 5790-93 levels and now trading more than 100 points above it....
At current levels of 5900, it is trading near a resistance areas of 5920-5950 levels and on intraday started to show some bearishness. If it breaks 5880 levels now we can expect a small correction on the lower side in intraday....
Levels to watch out for 5880-5840-5815-5800-5790 on the lower side.... where as 5920-5950-5975 will be resistances on the higher side...
Cheers
Hrishi
As expected and posted earlier (Link - http://hrishikeshprabhavalkar.blogspot.in/2013/03/bulls-tired-now.html),
Nifty was hammered down till the exact support areas mentioned in the earlier post. It bounced back from 5790-93 levels and now trading more than 100 points above it....
At current levels of 5900, it is trading near a resistance areas of 5920-5950 levels and on intraday started to show some bearishness. If it breaks 5880 levels now we can expect a small correction on the lower side in intraday....
Levels to watch out for 5880-5840-5815-5800-5790 on the lower side.... where as 5920-5950-5975 will be resistances on the higher side...
Cheers
Hrishi
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