Negative momentum continued, Nifty opened with a gap down and continued within the range of first 54 min candle. Closing was some 100 points higher than the day's low.
23947 is a major support now, and as Nifty looks a bit oversold, this may act as a medium term support.
24120, 24165, 24240, 24360, 24410, 24460 immediate resistance levels.
23950, 23900, 23860 remain immediate support levels.
Once it exceeds 24240 and sustains, stability or up-move can be seen.
Refer to the charts text for detailed reading of Indicators.
23947 is a major support now, and as Nifty looks a bit oversold, this may act as a medium term support.
24120, 24165, 24240, 24360, 24410, 24460 immediate resistance levels.
23950, 23900, 23860 remain immediate support levels.
Once it exceeds 24240 and sustains, stability or up-move can be seen.
Refer to the charts text for detailed reading of Indicators.
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