Nifty Levels for 24 June
Nifty Hourly
Nifty Hourly traded as we had discussed in Previous post taking support at lower end of 5255-5245 range and resistance around 5325-5330 levels.
Classical Example of Support 5325 (Swing low before the fall) becoming Resistance Today’s High 5330
Nifty Daily
On Daily chart Fibo retracement from a High of 5609 to low of 5196 give 38.2% retracement @5354 which should be next level of resistance if Nifty moves up above 5330 in tomorrows session.
RSI and Stoch are in oversold, and Bounce back is expected.
Nifty today formed a Bullish engulfing pattern which should …
Read the full story »
Nifty Hourly traded as we had discussed in Previous post taking support at lower end of 5255-5245 range and resistance around 5325-5330 levels.
Classical Example of Support 5325 (Swing low before the fall) becoming Resistance Today’s High 5330
Nifty Daily
On Daily chart Fibo retracement from a High of 5609 to low of 5196 give 38.2% retracement @5354 which should be next level of resistance if Nifty moves up above 5330 in tomorrows session.
RSI and Stoch are in oversold, and Bounce back is expected.
Nifty today formed a Bullish engulfing pattern which should …
Read the full story »
posted by Bramesh at
12:26 AM
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