Nifty has halted a prolonged pullback at the 100-DMA & has ended slightly below its 200-DMA.
The Indian market has been greatly resilient to global weakness.
Nifty's 100-DMA, which is presently at 10,936, assumes great importance now.
Despite buoyant undercurrent, the present structure on the charts is slightly overstretched.
It will be important to protect profits at higher levels with each upward move of market.
On Tuesday, Nifty is likely to see the 10,940 and 10,975 levels act as resistance.
Monday is likely to see the levels of 10,820 and 10,895 acting as immediate resistance.
From the low of 10,333 on Tuesday, Nifty has recovered over 500 points so far.
Friday is likely to see the levels of 10,838 and 10,910 acting as resistance levels.
The levels of 10,752 and 10,830 will act as immediate resistance area for the markets.
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