The 10,340 and 10,365 levels will play out as immediate resistance for the Nifty50.
In the coming week, this week’s high will pose resistance followed by the 10,490 mark.
Going into trade on Friday, expect this pullback to continue at least in the initial trade.
It is crucial for Nifty to crawl back above the 50-DMA, and reach back towards 10,180-10,200.
The levels of 10,180-10,200 on Nifty remain extremely critical levels to watch out for.
Levels of 10,290 and 10,325 will play out as important resistance in event of an up move.
The 10,200 level will continue to provide important support in the event of any downsides.
In the worst case scenario, the levels of 10,200 are expected to act as sacrosanct support.
The levels of 10,350 and 10,390 will remain important resistance levels to watch out for.
The levels of 10,350 and 10,400 will play out as immediate resistance levels for the market.
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