Technical positions of last 1 Month is as follows:-
1- Resistances between 5200-5345
2- Supports between 5085-5145
No positions range is 5145-5200 and Nifty is trading between this range within 5151-5164 since opening today with intraday selling signals.
As intraday selling signals today therefore down moves from here is expected and Sustaining beyond this range will be next immediate moves. Strong resistances above 5200 therefore until complete consolidations will not happen till then up moves above will not be seen.
1- Resistances between 5200-5345
2- Supports between 5085-5145
No positions range is 5145-5200 and Nifty is trading between this range within 5151-5164 since opening today with intraday selling signals.
As intraday selling signals today therefore down moves from here is expected and Sustaining beyond this range will be next immediate moves. Strong resistances above 5200 therefore until complete consolidations will not happen till then up moves above will not be seen.