The levels of 10,765 and 10,790 will act as immediate resistance area for the market.
Monday’s trade is likely to see the levels of 10,650 and 10,695 acting as stiff resistance.
Going into the next week, the market is likely to consolidate a bit more.
Stock specific outperformance amid range bound consolidation will continue on Friday.
On Thursday, the levels of 10,760 and 10,785 will offer resistance to any upmoves.
The 10,750 and 10,805 levels should act as immediate resistance for the Nifty50.
Investors are required to mitigate the risks of throwbacks happening in the market.
The coming week will see the Nifty50 test major resistance at the 10,790 and 10,885 levels.
Friday is likely to see the levels of 10,650 and 10,735 acting as immediate resistance.
The Relative Strength Index or RSI on the daily chart stood at 61.1110.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon