Hi Everybody,
Hope someone would have shorted ITC at higher levels.... (Refer my prev post on ITC.
Well, markets yesterday bounced from 5840 supp levels but could not manage to break above 5934. Also markets gave today closing below my 1st supp level (5885) given yesterday.
Now, one has to see if markets can retest 5934 levels & not close below 5840 tomorrow. Today markets gave in two days gains with high volumes (more than avg volumes of last 4 trading sessions)
Resis - 5898 / 5914 / 5934
Supp - 5838 / 5820 / 5772
Please note that Nifty has held the short-term averages very well. If markets gap down & 5820 is broken, then the level of 5754 will act as a good arrest level for any downsides.
Thank You
Hope someone would have shorted ITC at higher levels.... (Refer my prev post on ITC.
Well, markets yesterday bounced from 5840 supp levels but could not manage to break above 5934. Also markets gave today closing below my 1st supp level (5885) given yesterday.
Now, one has to see if markets can retest 5934 levels & not close below 5840 tomorrow. Today markets gave in two days gains with high volumes (more than avg volumes of last 4 trading sessions)
Resis - 5898 / 5914 / 5934
Supp - 5838 / 5820 / 5772
Please note that Nifty has held the short-term averages very well. If markets gap down & 5820 is broken, then the level of 5754 will act as a good arrest level for any downsides.
Thank You
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