Yesterday, the NIFTY opened on a positive note and rose above the 22,500 mark in early trading. It started making higher tops and higher bottoms on the intraday chart. It breached the 22,600 mark and closed above it. Now, it can test its previous high of 22,775. If it breaks and sustains above 22,775, then it can test 22,950. On the downside, the range of 22,400 to 22,350 will play an important support.
Open | 22475 |
High | 22655 |
Low | 22441 |
Close | 22643 |
S 1 | 22504 |
S 2 | 22366 |
R 1 | 22718 |
R 2 | 22794 |
Action | SL | TGT |
---|---|---|
Buy above 22720 | 22649 | 22850 |
Sell below 22490 | 22561 | 22365 |