Analysis for Newbie's
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For people who are learning to trade.
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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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Nifty - next levels.
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25850 - 25900 zone bears are trying to hold. Check the OI. But it is becoming weak.
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See how the OI has changed. Bulls are gaining strength.
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Bears are showing their strength. I expect a range move till the OI changes.
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25850 done. Now the price will move towards 25900.
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Nifty - next support levels.
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25800 - 25820 is a support zone. The price will try to gain bullish strength. If bears take control, it will move towards the next support zone.
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Price has reached the 1st marked level.
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