In our last post we very clearly stated that a close below 10600 will open the gates for 10000 and the same happened. Nifty found support @ 10141.
Nifty may find resistance in the zone of 10350-10363 and the next zone of resistance is 10450-10485.
Only a significant close above 10630 will open the gates for higher targets of 10828, 10890, 10951, 11060, 11171.
Our course of action would be for looking shorting opportunities in the zone of 10350- 10363 with stop-loss @ 10380 .
Major resistance levels are 10350-10363 , 10450-85, 10570, 10630-10656.
Major support levels are 10141-10100, 10080, 10033. A close below 10108 will open the gates for 9826, 9724, 9680.
** Disclaimer: these are my personal views and for educational purpose and trade taken on these observation should be traded with strict Sl. Please also read the detailed Disclaimer mentioned in the Right side of Blog.
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