Yesterday, NIFTY opened on a flat note and thereafter the entire day it was trading in a narrow range and finally ended almost flat. NIFTY has already corrected 61.80% of its entire rally from 19223 to 20222. Now on the downside, the range of 19600 to 19550 will play as an important support. On the upside it has resistance at 20DEMA, which is placed at 19760, thus fresh longs should be taken only above 19760.
Open | 19682 |
High | 19699 |
Low | 19637 |
Close | 19664 |
S 1 | 19634 |
S 2 | 19605 |
R 1 | 19696 |
R 2 | 19729 |
Action | SL | TGT |
---|---|---|
Buy above 19700 | 19650 | 19800 |
Sell below 19590 | 19651 | 19475 |