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.
The 10,250 level will continue to act as immediate resistance for the Nifty50.
Wednesday may see a quiet opening, but the current structure warrants extreme caution.
The 10,250 and 10,295 levels will act as immediate resistance for the Nifty.
RSI on the daily chart is 64.4602 and it has marked a fresh 14-period high which is bullish.
10,190 and 10,320 levels may pose immediate resistance for the Nifty50 in the coming week.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon