Importance,strength and testing possibility of crucial support range(5172-5200) was updated several times in previous week Outlooks,Nifty is trading within and little above this range since opening today.
Nifty is trading between 5190-5223 with lower levels supports and consolidations indications also therefore firstly sustaining beyond mentioned today trading range should be watched for next moves consirmations. As correction is still continued therefore following most crucial levels should also be kept in mind:-
1- 5172(Lowest of previous support)
2- 5156(200-Day SMA on 23-03-2012)
Nifty is trading between 5190-5223 with lower levels supports and consolidations indications also therefore firstly sustaining beyond mentioned today trading range should be watched for next moves consirmations. As correction is still continued therefore following most crucial levels should also be kept in mind:-
1- 5172(Lowest of previous support)
2- 5156(200-Day SMA on 23-03-2012)