Technical positions are as follows:-
1- Consolidations between 5437-5580(Today and Last Friday)
2- Strong resistance between 5522-5604
Nifty traded last 3 hours between 5477-5496 today. Although Nifty is trading at lower levels of last 3 hours range but intraday charts of last 3 hours are suggesting consolidations formations therefore upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today.
5480-5522 break out and sustaining beyond will be next moves confirmations.
1- Consolidations between 5437-5580(Today and Last Friday)
2- Strong resistance between 5522-5604
Nifty traded last 3 hours between 5477-5496 today. Although Nifty is trading at lower levels of last 3 hours range but intraday charts of last 3 hours are suggesting consolidations formations therefore upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today.
5480-5522 break out and sustaining beyond will be next moves confirmations.