NIFTY TREND CHANGER LEVEL AT 10100
NIFTY ROLLOVER COST AT 10395
LAST WEEK ANALYSIS mentioned that long positions for the day can be taken above 10300 and short positions can be taken below 10190 . Nifty taken sell levels at 10190 and 2nd target 10990 level . As mentioned in the previous post " Now this week Nifty has to sustain / close above 10310 to test 10450 - 10575 initially and above it till 10765 - 10860 next . For a further downmove this week Nifty has to sustain / close below 10250 to test 10210 - 10185 initially and below it till 10145 - 10100 next ..
For coming week bulls need to trade above 10250 for a move back towards 10500/10765. Bearish below 10000 for a move towards 9900/9757/9600.
strong resistance zone at 10050 once crossover with volumes then finding next resistance at 10485 and this week only mantra ..sell on every rise keep of stoploss as next resistance levels and still our market showing weakness ..
resistance zone are 10166/10334/10441 ...... only one mantra for this week rise on sell and sell on resistance and keep next resistance as stoploss
Nifty FUTURE Levels for the WEEKly are
Long above 10059 TARGET= 10166-10344-10441 SL 9990
Short below 9950 TARGET= 9891-9784-9616 , SL 10030