Tuesday is likely to see the level of 10,910 and 10,960 acting as immediate resistance area.
There won’t be any structural weakness on the charts as long as Nifty stays above 10,680.
Nifty has been trading sideways in a defined congestion zone over past 14 weeks.
Friday is likely to see the range of 10,820 to 10,860 acting as immediate resistance area.
Thursday is likely to see the levels of 10,820 and 10,860 acting as resistance.
The price behaviour against the 100-DMA which is currently at 10,686 will be important to watch.
The levels of 10,690 and 10,745 are likely act as immediate resistance on Tuesday.
The 10,760 and 10,820 levels are likely to act as immediate resistance for Nifty on Monday.
The coming week is likely to define the contours of the market for the next couple of weeks.
Friday is likely to see the range from 10,815 to 10,860 levels acting as immediate resistance.
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