Nifty :
Weekly charts
The chart pattern formed on cnx nifty weekly charts is extremely bearish which indicates further downside in coming days. Support at 7435-7290-7260-7190 Resis@7575-7611-7650 range.However any positive geo-political news can change the trend as all the technical indicators are still in green.
Daily Charts: On daily charts also nifty is looking bearish making lower high lower bottom daily.However support exists at 7474-7450 below that target will be 7390-7310 . On upside Resistance is @7582-7645-7710.
We advise readers to sell on rallies till nifty breaks 7650 with volumes.
Weekly charts
The chart pattern formed on cnx nifty weekly charts is extremely bearish which indicates further downside in coming days. Support at 7435-7290-7260-7190 Resis@7575-7611-7650 range.However any positive geo-political news can change the trend as all the technical indicators are still in green.
Daily Charts: On daily charts also nifty is looking bearish making lower high lower bottom daily.However support exists at 7474-7450 below that target will be 7390-7310 . On upside Resistance is @7582-7645-7710.
We advise readers to sell on rallies till nifty breaks 7650 with volumes.
