The Nifty closed yesterday at 5635 which was the critical resistance as stated in our yesterday's post. 5635 also happens to be the tipping point for today and the Nifty will have to trade above this point to be bullish. The immediate resistance is at 5662 and then at 5690.
The charts are indicating a bullish pattern but yesterdays closing was rather inconclusive. In case of trades below 5635, the Nifty will find support at 5624 and 5612. 5584 is the critical support below which the market will see a reversal of the current trend.
The charts are indicating a bullish pattern but yesterdays closing was rather inconclusive. In case of trades below 5635, the Nifty will find support at 5624 and 5612. 5584 is the critical support below which the market will see a reversal of the current trend.
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