as we can see nifty is taking support multiple times at the yellow line, even friday selling pressure could not breach the support. major points will be 15738.20 as immediate resistance and 15857.79 will be a crucial hurdle above which bull run to continue this coming week.
immediate support is at 15637.19 and 15503.35 , the later which should be a buying point if open in monday above it.
n hourly close below 15503.35 will drag nifty to 15352.26.
friday volatility has indicated that a wide swing possibility next week. A hope for the buyers is dow closed week at 20 week ema, a possibility to bounce back from there after fed meeting saga. opening low from previous week low might indicate a trend change in this one sided bull run. However, until the level of 15857.79 is not conquered, view must sell on rise.(all the mentioned important levels are calculated manually and not drawn in the chart).
happy trading.
immediate support is at 15637.19 and 15503.35 , the later which should be a buying point if open in monday above it.
n hourly close below 15503.35 will drag nifty to 15352.26.
friday volatility has indicated that a wide swing possibility next week. A hope for the buyers is dow closed week at 20 week ema, a possibility to bounce back from there after fed meeting saga. opening low from previous week low might indicate a trend change in this one sided bull run. However, until the level of 15857.79 is not conquered, view must sell on rise.(all the mentioned important levels are calculated manually and not drawn in the chart).
happy trading.