Technical View on Nifty and Sensex for 21st July ‘10
Technical View on Nifty
Nifty witnessed a correction from the higher levels & in the end closed near to the support zone of 5350 to 5355. In the downside the next crucial support zone seems to be around the levels of 5290 to 5300. Decisive closing below this support zone may drag it till the lower levels of 5200 to 5205 in near term. We recommend that until it close below 5300 one may go for buy on dips in it for the upside targets of 5450, 5500 in near term.
Technical View on Sensex
Nifty witnessed a correction from the higher levels & in the end closed near to the support zone of 5350 to 5355. In the downside the next crucial support zone seems to be around the levels of 5290 to 5300. Decisive closing below this support zone may drag it till the lower levels of 5200 to 5205 in near term. We recommend that until it close below 5300 one may go for buy on dips in it for the upside targets of 5450, 5500 in near term.
Technical View on Sensex
Sensex witnessed the correction from the higher levels, in near run Sensex may drag it till the lower levels of 17300 to 17400. In the upside the next key resistance zone seems to be around the higher levels of 18050 to 18150. Decisive closing above this resistance zone may further confirm up trend in the market.
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