The 9,350 and 9,375 levels will act as major pattern resistance levels for the market.
Nifty’s behaviour in the 9,425-9,440 zone will be important as it will track the upper Bollinger band.
The 9,350 and 9,375 levels will continue to act as major resistance for the Nifty50.
The 9,350 and 9,375 levels will continue to act as major resistance for the indices.
Expect a minor opening uptick but, the corrective action will continue be rangebound.
The 9,380 and 9,425 levels on Nifty are likely to create resistance on the daily charts.
Today, the 9,350 and 9,385 levels will continue to pose resistance to any upward move.
RSI on the daily chart stood at 63.9446 and it remains neutral showing no divergence.
The market may take some breather despite an overall buoyant undercurrent.
There are signs of consolidation on the daily charts and virtually no sign of any reversal.
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