Yesterday, NIFTY opened on a positive note and it jumped above the 22300 mark in early trade, but it could not sustain on higher levels and fell sharply. It took support near the 22100 mark and witnessed a sharp recovery. Finally it ended above the 22400 mark. NIFTY has breached the 20DEMA, thus we may see more upside and it can test 22550 and above that it can even test 22750. On the downside, the 100DEMA will play as an important support, which is placed near 21850.
Open | 22319 |
High | 22432 |
Low | 22054 |
Close | 22403 |
S 1 | 22161 |
S 2 | 21919 |
R 1 | 22539 |
R 2 | 22674 |
Action | SL | TGT |
---|---|---|
Buy above 22450 | 22374 | 22600 |
Sell below 22150 | 22226 | 22000 |