The index is evidently losing steam after the attempt to break out of the 10,200 level.
The 10,365 and 10,390 levels will play out as immediate resistance for the Nifty50.
The coming week is likely to remain stock specific in nature.
The levels of 10,350 and 10,395 will play out as immediate resistance levels for the market.
Expect continuation of upmove and the market continuing with its breakout on Thursday.
The session on Wednesday will be ingrained with volatility and rollover dominated activities.
The 3,400-3,450 zone has seen formation of multiple tops since last four years, beginning 2014.
The levels of 10,230 and 10,275 will act as immediate resistance area for the market.
The 10,195 and 10,250 levels will act as immediate resistance for the market.
Coming week will see the levels of 10,250 and 10,350 playing out as immediate resistance area.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon