Nifty has moved to 8400 levels this week. It is first resistance at 38% retracement level from 9100 levels. Also index has been in range at 8380 - 8440 levels from last two days.
There are multiple resistances in 8400-8500 range.
First is 8464, 92 square then 50 SMA at 8487 and then at 8496 levels.
Also 4 Hr keltner band is at 8440 levels which index is not crossing as of now.
Support is at 8350 levels.
Its wait and watch as of now.
There are multiple resistances in 8400-8500 range.
First is 8464, 92 square then 50 SMA at 8487 and then at 8496 levels.
Also 4 Hr keltner band is at 8440 levels which index is not crossing as of now.
Support is at 8350 levels.
Its wait and watch as of now.
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