Following possibility was told yesterday in Pre-Closing Outlook
"expiry near 4900"
Nifty is hovering around 4900 since opening today and closing on Expiry will depend on following technical positions which are as follows:
Next minor supports:
1- 4890
2- 4856
Next Resistances:
1- 4960-4982
As intra day good selling abbove 4960 yesterday therefore expiry will not be above it but supports at lower levels are not much strong therefore follow up selling near 4900 will mean slipping and today closing possibility near above mentioned supports.
Let market prepare for next positions then will be updated according to intra day charts formations.
"expiry near 4900"
Nifty is hovering around 4900 since opening today and closing on Expiry will depend on following technical positions which are as follows:
Next minor supports:
1- 4890
2- 4856
Next Resistances:
1- 4960-4982
As intra day good selling abbove 4960 yesterday therefore expiry will not be above it but supports at lower levels are not much strong therefore follow up selling near 4900 will mean slipping and today closing possibility near above mentioned supports.
Let market prepare for next positions then will be updated according to intra day charts formations.