iCharts Discussions

[sraj]

WORLD MARKET

World index all are in confuse and volatile mode, based on this 4770, 4800 may act as good resistance, and 4725, 4700 may act as good support for nifty spot today

NIFTY SPOT

Today if nifty spot breaks 4770 then further up move may possible up to 4880, but the move may be based on nifty today’s levels, same as if it breaches 4725 then further down fall may come towards 4702, 4675++,

Now a days nifty spot was taking support around 4700 to 4650 range! even it had very good opportunity to touch 4550 technically for the last 2 to 3 days, so we have to understand that nifty spot had got some push up around these area, and some important support things are going on around 4650 range, we will see it,

As of now they are 200 Dema, Trend line support, Strong Channel bottom line support, Two Fibonacci retarcement support, some patterns (Triangle, and Channel, as we saw last few days back) down side target is around 4670, due to this, there may be some possible to get recover, so we can concentrate on buying around 4650 to 4600 range slowly with s/l of 4500, same time up side may get restricted around 5060 to 5100,


NIFTY SPOT TODAY’S LEVELS

Nifty Spot above 4770 Target 4795 to 4799, 4830 to 4832, 4844, 4870, 4877 to 4880, 4896, 4944, 4950 to 952

Nifty Spot below 4725 Target 4702, 4675, 4669, 4648, 4631, 4535

SCRIPT TO WATCH

PNB

Buy above 890 Target 895, 907 to 909, 919 s/l 883

by
saravanabalaaji