AMITBE said:
Should the fall gain velocity, there should be support at 2345. Further down, 2335 is an important level where NIFTY gained strength and bounced in the course of the last week. (These levels should be valid for Wednesday too)
For NIFTY to make gains, it is vital that 2377 is crossed without hesitation early in the session. If so, then 2385 would be a great level at close.
Sideways movement would be good between 2360-2370 where the market would remain neutral.
For NIFTY to make gains, it is vital that 2377 is crossed without hesitation early in the session. If so, then 2385 would be a great level at close.
Sideways movement would be good between 2360-2370 where the market would remain neutral.
Then twice it bounced up from 2360 which finally got broken.
The fall does not appear to have velocity and holding out for now.
Above 2360 as of now, and on safe ground again.
There are jitters all round, so further decline can be expected.