JAY SWAMINARAYAN...
WE SAID LAST WEEK " BELOW 5510 NIFTY WILL BE TRADED WITH NEGATIVE BIAS. ONLY ABOVE 5510 NIFTY GENERATE SOME STRENGTH & ONLY ABOVE 5570 NIFTY GENERATE MOMENTUM. " NIFTY TRADED EXPECTED ABOVE 5510 BUT NOT SUCCEED TO CROSS 5570. AND FAILED TO GENERATE MOMENTUM. ON FRIDAY BELOW 5510 NIFTY LOST ITS STRENGTH ALSO.
WE EXPECT SAME FOR THIS WEEK ALSO. BELOW 5510 NIFTY WILL BE TRADE WITH NEGATIVE BIAS NOW ONLY ABOVE 5590 NIFTY GENERATE SOME STRENGTH & ONLY ABOVE 5660 NIFTY GENERATE MOMENTUM BUT THIS WILL BE LOOK LIKE DIFFICULT AT THIS TIME. OTHER HAND NIFTY WILL BE IN TROUBLE IF IT FAIL TO POST WEEKLY HIGH ABOVE 5510. NOW NIFTY HAVE 1ST SUPPORT AT 5390 - 5300 & 2ND SUPPORT AT 5210 - 5120. AND 1ST RESISTANCE AT 5480 - 5570 & 2ND RESISTANCE AT 5660 - 5750.
NIFTY : OP = 5518.05 , HI = 5521.45 , LO = 5457.45 , CL = 5485.80.
