On the other hand, the 10,180 and 10,200 levels will pose stiff resistance on the upside.
The weekly MACD has reported a negative crossover and trading below its signal line.
The level of 10,410 has been confirmed as a lower top for the market after 10,490.
The 10,410 level will now act as an intermediate top and an important resistance for market.
The session on Wednesday is likely to remain dominated with rollover centric activities.
While continuing to guard profits at higher levels, cautious optimism is advised for Tuesday.
Nifty50 will continue to remain vulnerable to bouts of profit taking at higher levels.
On Friday, supports for the index should come in at 10,280 and 10,200 levels.
The 10,365 and 10,390 levels will once again continue to act as immediate resistance to Nifyt50.
The zones of 10,345-10,365 will continue to pose stiff resistance to the market in general.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon