#NIFTY might start positive but its a SELL ON RALLIES market.
NIFTY broke the important support of 10235 and now the 10280 becomes a strong resistance.
I expect nifty to touch the levels of 10052 and 9996 in the upcoming sessions and also on the basis of the OI analysis 10000 seems like a very strong support. So do apply profit booking at the levels given.
And as you can see my levels are working nicely on the chart.
I expect nifty to touch the levels of 10052 and 9996 in the upcoming sessions and also on the basis of the OI analysis 10000 seems like a very strong support. So do apply profit booking at the levels given.
And as you can see my levels are working nicely on the chart.
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Markets been behaving the same way as described in this idea. KEY LEVEL ZONE to watch out for is 10052-10062.