Nifty and Sensex - Support and Resistance (28th july '10)
Nifty - Support and Resistance (28th july '10)
Nifty witnessed high volatile sessions today & in the end closed with a marginal gain. The main thing which is technically vital is that still it is holding the higher levels & rising towards the higher level of 5500. In the downside two short term support seems to be at the levels of 5400, 5350. Closing below the support of 5350 may slip it till the lower levels of 5290 to 5300 in near run. For intraday trading we already recommended in our previous reports that one may go for buy on dips in Nifty Future until it close below 5350 for the targets of 5500,5550 in near run.
Technical View on Sensex (28th July '10)
Sensex may get the next short term support close to the level 17850. Closing below this support zone may slip it till the lower levels of 17350 to 17400 in near run. Overall Sensex is looking to continue its uptrend & might make more up moves after some time consolidation.
Nifty witnessed high volatile sessions today & in the end closed with a marginal gain. The main thing which is technically vital is that still it is holding the higher levels & rising towards the higher level of 5500. In the downside two short term support seems to be at the levels of 5400, 5350. Closing below the support of 5350 may slip it till the lower levels of 5290 to 5300 in near run. For intraday trading we already recommended in our previous reports that one may go for buy on dips in Nifty Future until it close below 5350 for the targets of 5500,5550 in near run.
Technical View on Sensex (28th July '10)
Sensex may get the next short term support close to the level 17850. Closing below this support zone may slip it till the lower levels of 17350 to 17400 in near run. Overall Sensex is looking to continue its uptrend & might make more up moves after some time consolidation.
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