NIFTY CASH CLOSED AT 11972
Yesterday target above 11928, target was given 12008 and it made HIGH till 12005 at last :)
NOW,
If it will break 11962 today than too strong support is at 11938 and it is safe till it trades above these 2 levels. Panic will be seen only if it break 11938 with volume for 15 minutes (or on closing basis). If it breaks 11938 than 11888 followed by 11768, and after that sharp recovery will be seen for sure, in normal market conditions.
If it will remain stable above 11962 than again it will go to 12008 and profit booking will be seen there.
If it will cross 12008 for 15 minutes with huge volume than it will ONE WAY go to 12044 to 12078 also for sure.
So the first trading range for today is 11938 and 12008.
I WILL UPDATE MORE DURING MARKET HOURS LIVE
GOOD LUCK
Yesterday target above 11928, target was given 12008 and it made HIGH till 12005 at last :)
NOW,
If it will break 11962 today than too strong support is at 11938 and it is safe till it trades above these 2 levels. Panic will be seen only if it break 11938 with volume for 15 minutes (or on closing basis). If it breaks 11938 than 11888 followed by 11768, and after that sharp recovery will be seen for sure, in normal market conditions.
If it will remain stable above 11962 than again it will go to 12008 and profit booking will be seen there.
If it will cross 12008 for 15 minutes with huge volume than it will ONE WAY go to 12044 to 12078 also for sure.
So the first trading range for today is 11938 and 12008.
I WILL UPDATE MORE DURING MARKET HOURS LIVE
GOOD LUCK
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