Nifty trading near key support levels 11100-11060. Bounce is likeky.

Nifty fell from 11770 levels and currently trading at important support zone 11100-11060. Here 200 Dma and other important supports exists. In technical indicators, bullish divergence signals formed. Hence, anytime short covering rally can begin. Book profits in short selling positions and go long with 11000 as strict stoploss.
Regards,
Suryadev Bandari
Research Analyst.


Sent from my iPhone

Popular posts from this blog

Up move to continue. New Highs to form again.

Major Event done. Nifty upside capped between 12000-12100. Trend reversal ???

Exhaustion gap formed. Bulls strength eroded???.