Nifty supp-5373.85-5443.00
Range-5528.70
Res-5597.80-5683.50
Nifty 50Day SMA 5889
Nifty 100Day SMA 5967
Nifty 200Day SMA 5622
Fibonacci price projections:
0% 61.8% 100% 161.8% 261.8%
Up 5721 6005 6181 6465 6925
Dn 6181 5897 5721 5437 4977
Nifty close below 50 DAY & 100 DAY & 200day moving average(5622).Next support @ 5437. break this level we can expect 5366.
Short term traders buy nifty only above 5535 sl 5432 on closing basis.
DOWNTREND WILL TERIMINATE ABOVE 5723 N CLOSING BASIS.
IMPORTANT LEVELS TO WATCH 5572 & 5632.
NIFTY DAILY CHART
Happy Trading
Uthayakumar.K