Today: Nifty opened negatively after showing very volatility in the market. At the end it closed flat too negatively. It tried to show strength and recovered from bottom levels. Let us check out the effect of CRR POLICY. Technically below 4916, can see more downside in the market. We can see the next target at around 4350. Because of flat closing there were no changes in support resistance. Now consider resistance at 4830-4911-5025. Downside support is 4730-4670-4639. Trading range of 4700-4760 to watch out. Break, trade and close below 4700 - big fall in the market. Weekly: Last week, we saw lot of volatility in the market. But finally it was unable to hold 5000 and made a low of 4841. For the week ahead, we may consider the support range of 4810-4800, decisively break and decline below the lower-level target of 4750-4640. Higher-level resistance to continue at 5000-5100-5125 to watch out. | |||
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