Tuesday will see the levels of 11,430 and 11,455 acting as stiff resistance to the Nifty.
Monday will see the levels of 11,385 and 11,430 acting as the immediate resistance area.
Weekly RSI on Charts stands at 71.5428. It has marked a new 14-period high, which is bullish.
Friday will see the levels of 11,290 and 11,335 acting as immediate resistance area.
Any upmove is likely to see some very short-term resistance near 11,390-11,400 levels.
The daily MACD stays bullish even as it trades above the signal line.
Tuesday is likely to see a quiet start to the trade and Nifty is expected to extend gains.
Monday will see levels of 11,295 and 11,360 acting as immediate resistance area for Nifty.
Nifty has achieved a breakout and is extremely likely to extend its upward move.
Friday is likely to see the levels of 11,180 and 11,245 playing out as immediate resistance area.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon