Nifty rollercoaster ride one sided move today of more than 500 points from day high to day low.
For Thursday Expiry 21900 Support is important and to upside 22050 Resistance is crucial.On daily front Nifty is trading below 20 EMA and approaching 50 EMA (21835) if support 21900 gets voilates it may test that 50 EMA which is 21835 next target to downside is 21780,21650.
Support 21900 below sustains short targets of 21835,21780,21650
Resistance 22050 above sustains long targets of 22100,22150,22200,22230.
Mentioned Suport,Resistance and Targets can act as reversal points also please check price action on those.
For Thursday Expiry 21900 Support is important and to upside 22050 Resistance is crucial.On daily front Nifty is trading below 20 EMA and approaching 50 EMA (21835) if support 21900 gets voilates it may test that 50 EMA which is 21835 next target to downside is 21780,21650.
Support 21900 below sustains short targets of 21835,21780,21650
Resistance 22050 above sustains long targets of 22100,22150,22200,22230.
Mentioned Suport,Resistance and Targets can act as reversal points also please check price action on those.
Comment:
Support and Resistance is respecting so far thursday price held at support and on friday price held at Resistance
Comment:
