Nifty moved on the expected line after time -price squaring and gave 200+ points from 8571 to 8800.
On weekly charts Nifty formed an inside bar and a close below 8510 would open the doors for downside. From 8560 - 8510 its a buy zone.
In the same way, a close above 8952 will open the gates for upside.
Major support levels are 8651, 8555,8531,8510, 8447-34, 8387, 8341, 8250, 8159, 8070.
Major resistance levels are 8795, 8624, 8682, 8710, 8759-61, 8831, 8952, 9010, 9119.
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| Nifty Spot |
Technical analysis and research skills are required to get accurate MCX Tips. Traders should not waste their time in analysis and take help of experts advice.
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