Analysis for Newbie's
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For people who are learning to trade.
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Nifty is trying to sustain above 25900. All three indices can move towards the next resistance. Nifty 26k, BN 59500 and Sensex 85k.
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Sensex made a high of 85020. Further upside is possible if any of these indices gain strength.
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Nifty - The price can move within day's high/low.
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Sensex - wait for the trend confirmation.
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Nifty has strong support here at 25700. Opening is bearish. Wait and watch.
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Sensex - marked the levels.
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A small pullback towards 25800. How the price is reacting at 25800 can make or break the trend direction.
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Nifty can test 25800. Mild bearish/pullback.
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Nifty - Price should sustain above 26000 - 26020. 26050 will decide the direction.
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Nifty - the price can test 25980 - 26k zone and move up. Mild resistance is seen at 26050.
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25980 has been broken, now the day's low should hold. Otherwise 25920 - 25940 zone will be tested.
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Analysis for Newbie's
Nifty - Price should sustain above 26000 - 26020. 26050 will decide the direction.
Nifty - price made a high of 26056 and was unable to sustain above it. It can once again test 25980. I don't expect big movement. Price will move within the range it has created today.
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Nifty - nearby support is at 25880 - 25900.
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Nifty made a low of 25904 and moved up. resistance is at the 26k zone.
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Nifty - Price have to break yesterday's low, then 25880 - 25900 support zone.
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