NIFTY DAILY TECHNICAL REPORT
Current
Level: 11421.95
Support:
11285.70-11303.10-11325.60-11360.80
Resistance:
11436.30-11475.90-11511.80
· Key resistance is at
11436.30. There will be another wave of rise over 11436.30 to 11511.80 and
11545.90.
· Sellers will be there
only on a fall below 11360.80.
Momentum
is bullish. FII inflows are positive. Cyclical are moving up the nifty. Sector
of investment needs to be chosen carefully, particularly for short term
investors. Sharp correction can happen anytime if there is a global rout.
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