NIFTY DAILY TECHNICAL REPORT
Current
Level: 11374.10
Support:
11149.10-11220.10-11292.20
Resistance:
11420.20-11492.90-11563.90
Weekly
View:
· Key resistance is at
11420.90. Nifty needs to trade over 11420.90 after the RBI meeting to rise to
11563.80 and 11629.30.
· Intraday bearish trend
will be there only if nifty trades below 11292.20 after the RBI meeting.
· Crash point is at
11220.10
One
should look for signs of profit taking on long positions towards the close due
to Federal Reserve meeting tomorrow.
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