Monday’s session is likely to see 10,860 and 10,930 levels act as resistance.
From the peak, VIX has corrected 51 per cent, while Nifty remains at elevated levels.
On Friday, 11,950 and 12,000 levels may act as strong resistance points for Nifty.
Thursday’s session is likely to see 11,960 and 12,000 levels act as resistance points.
The market is showing multiple signs pointing towards a decisive move on either side.
Tuesday’s session is likely to see 11,975 and 12,010 levels act as resistance points.
Relative Strength Index (RSI) remains neutral and does not show any divergence against price.
Market has reinforced the 12,000-12,040 zone as an intermediate top and a key resistance area.
Friday’s session may see 11,890 and 11,935 levels act as immediate resistance.
The stock market is likely to make a stable start to the trade on Thursday.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon