iCharts Discussions

[sraj]

Today is a budget day, American index Dow Jones had opened with gap down with 150 points! later it had recovered 100 points, Now current status of Asian markets are in normal stage, as of now nifty spot has very good strong support around 4835 to 4828, The points 4866, 4888 may give some resistance, above this level nifty spot may try to move up slowly,

Generally some points has strong rights to give some resistance in up side to nifty spot they are 4911, 4918, 4989, 5020, same as if nifty spot breaches 4828 then further down fall may starts, then next support is at 4800, so only below 4800 a big fall may come, and we can expect the down side target like 4733, 4701, 4665, 4626, so take care and trade perfect

thanks
saravanabalaaji