Analysis for Newbie's
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For people who are learning to trade.
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26250 zone - still price is testing.
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Nifty 26320 should sustain to move up. If there is a pullback, 26250 level should react with bullish strength.
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Nifty is showing bearish strength at 26250. It can test next support as shown in the chart.
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Nifty is still testing and moving in the marked area.
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Nifty - Price will move in range before testing 26100 zone.
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Sensex - at support.
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Nifty - forming choppy range.
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Nifty - Lower trend line test.
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26k tested. Now a pullback. Price is at support zone.
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Nifty is heading towards the next support at 25880 - 25920.
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Sensex - next support levels are 84780, 84660 and 84540.
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Nifty is testing 25900, and Sensex 84780. Bank nifty is testing 59k zone, so the price will pause or it will have a small pullback.
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Sensex is moving towards next resistance 85400 - 85500.
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Nifty is moving towards 26050 - 26060 zone. Rounding bottom pattern is forming.
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Nifty - 26060 is sustaining. Now the price is moving towards 26100 - 26120.
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