A few days back we gave the max upside level for Nifty at 5608 and we said that Next upside is only if Nifty sustains above 5608/5612. On the downside we gave support at 5428/5400, last friday it closed at 5429.
Today morning we said that below 5428/5400 Nifty could correct by 150-200 points and it corrected by over 150 points.
(check out the comments in Caption@ Nifty Support)
I strongly believe going ahead Nifty is likely to find strong support somewhere in the region of 5220-5170 from where we can expect a good bounce of 150-180 points. Nifty likely to get further weaken only below 5170 closing.
Everyday is Not Sunday!!!!
Today morning we said that below 5428/5400 Nifty could correct by 150-200 points and it corrected by over 150 points.
(check out the comments in Caption@ Nifty Support)
I strongly believe going ahead Nifty is likely to find strong support somewhere in the region of 5220-5170 from where we can expect a good bounce of 150-180 points. Nifty likely to get further weaken only below 5170 closing.
Everyday is Not Sunday!!!!
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