RSI (14 Days): 50.65
Support: 4840, 4757
Resistance: 4998, 5075
Nifty is in uptrend (from 26th Feb.) with targets of 4990**, 5070, 5150.
The uptrend will ‘terminate’ below 4784.
Nifty is in uptrend (from 11th Feb.) with targets of 4880**, 4900**, 4960**.
The uptrend will ‘terminate’ below 4834.
(Targets are +/- 20 points, ** means target achieved)
Resistance: In the week ahead, 4990 the week high EMA would be huge resistance level for nifty. Only if nifty trades above 4990 with volumes, it can move to higher targets of 5015 and 5050.
Support: 4809 the week low EMA would be huge support area for nifty next week. If it breaks and trades below 4809 with volumes, nifty will move down to 4755, 4717 and 4680 in the week ahead.
- Second week of a higher high and higher low.
- Channel maintained. Stop loss at 4740 for the coming week.
- The rise from 4675 has been on increasing volumes.
- Stochastic has given a buy since last week and is moving up.
S&P Wealth Creators
Call 09831497250 or mail us @ S&P Wealth Creators with your Name and Mobile No. for subscription offer of intraday calls during Market hours.
The calls given here are My Personal views, trading or investing in stocks is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. S&P Wealth Creators will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert’s stock analysis or opinion.