Nifty View :
Nifty has strong support between 4980-4930 zone, the current fall that has
started after retesting the Red breakdown Line should get arrested in this
strong support zone. Nifty is expected to consolidate between the strong
support zone of 4980-4930 and crucial resistance at 5200-5250 zone for next
few days/weeks before it finally breaks out.
Last Support zones 5200-5250 in the month of March and April may
continue to act as crucial Resistance Zones for the Index
in near future until Index consolidates and finally breaks out !!!
Regards
Ankit
Technical Analyst
Analyse India
Nifty has strong support between 4980-4930 zone, the current fall that has
started after retesting the Red breakdown Line should get arrested in this
strong support zone. Nifty is expected to consolidate between the strong
support zone of 4980-4930 and crucial resistance at 5200-5250 zone for next
few days/weeks before it finally breaks out.
Last Support zones 5200-5250 in the month of March and April may
continue to act as crucial Resistance Zones for the Index
in near future until Index consolidates and finally breaks out !!!
Regards
Ankit
Technical Analyst
Analyse India
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