Following support range was updated on 19-08-2013 in "Huge Bearish Pattern formation in last 11 months":-
1- 5210-5270
2- 5075-5140
3- 4779-4880
Nifty got supports between 1st support range after weak opening and recovered after lowest formation at 5254.05. As Short Term Indications are oversold and some consolidation between 5263-5310 therefore Bounce back is being seen and next resistances are between 5450-5475.
1- 5210-5270
2- 5075-5140
3- 4779-4880
Nifty got supports between 1st support range after weak opening and recovered after lowest formation at 5254.05. As Short Term Indications are oversold and some consolidation between 5263-5310 therefore Bounce back is being seen and next resistances are between 5450-5475.
Expected that Nifty will remain range bound between 5263-5475 in the coming sessions and will prepare for next Short/Intermediate Term Trend within this range.