Technical View on Nifty and Sensex (3rd August '10)
Nifty – Support and Resistance (3rd August '10)
Nifty bounced from the support levels & in the end made a strong closing, as we already mention in our previous report that one may go for buy on dips in Nifty Futures until it close below 5350 for the targets of 5410,5440, today market achieved it. Now technically Nifty Futures is looking strong & have the next key resistance close to the level of 5500 to 5510. Decisive closing above this resistance range may take up it till the levels of 5600 to 5610 in near run. In the lower side the crucial short term support seems to be in the range of 5350 to 5370.
Technical View on Sensex (3rd August '10)
Sensex get the good buying support again close to the levels of 17825 to 17860 this zone be come the crucial short term support zone for the Sensex. the next key resistance zone for the Sensex seems to be at the levels of 18320 to 18350. decisive closing above this resistance zone may guide it towards the levels of 18800 to 18850 in near run.
Nifty bounced from the support levels & in the end made a strong closing, as we already mention in our previous report that one may go for buy on dips in Nifty Futures until it close below 5350 for the targets of 5410,5440, today market achieved it. Now technically Nifty Futures is looking strong & have the next key resistance close to the level of 5500 to 5510. Decisive closing above this resistance range may take up it till the levels of 5600 to 5610 in near run. In the lower side the crucial short term support seems to be in the range of 5350 to 5370.
Technical View on Sensex (3rd August '10)
Sensex get the good buying support again close to the levels of 17825 to 17860 this zone be come the crucial short term support zone for the Sensex. the next key resistance zone for the Sensex seems to be at the levels of 18320 to 18350. decisive closing above this resistance zone may guide it towards the levels of 18800 to 18850 in near run.
Posts
