Nifty(11287): #ApproachingLongTermDemand #ChannelSupport Key MA
Key MA approaching 50DMA & 100DMA
Immediate hurdle @ 11350-11400 till not crossed expect lower levels of 11230-11160 gap where buyers will come in....
If 11400 is crossed and sustained relief rally towards 11575-11610 where sellers will try to come in with lower high lower low formation on daily chart....
61.8% retracement of 10925 to 11760 come @ 11235 and 76.4% @ 11110 will also act as support.
61.8% retracement of 10557 to 11760 come @ 11290 and 76.4% @ 11150 will also act as support.
Immediate hurdle @ 11350-11400 till not crossed expect lower levels of 11230-11160 gap where buyers will come in....
If 11400 is crossed and sustained relief rally towards 11575-11610 where sellers will try to come in with lower high lower low formation on daily chart....
61.8% retracement of 10925 to 11760 come @ 11235 and 76.4% @ 11110 will also act as support.
61.8% retracement of 10557 to 11760 come @ 11290 and 76.4% @ 11150 will also act as support.