First hurdle 22080 crossed; Second hurdle around 22180-22200.
We had depicted 22080 and 22180 as 2 hurdles for Nifty crossing which there can be a bullish rally. first hurdle was crossed today ut Second hurdle in the range of 22180 and 22200 remains. Today Nifty made a high of 22193 and returned from the same area due to the resistance zone indicated earlier. Crossing and closing the week above 22200 tomorrow will increase the chances of Bulls getting into rally mode. If the resistance in the region is not crossed and Nifty does not cross and close above today's high, there are chances that some supports will be tested again.
Nifty Supports Remain at: 22080, 21852, 21806 and finally 21710. Below 21710 Bears will get a firm grip of the market.
Nifty Resistances: 22193 (today's high), 22301, 22449 and finally 22526.
Nifty Supports Remain at: 22080, 21852, 21806 and finally 21710. Below 21710 Bears will get a firm grip of the market.
Nifty Resistances: 22193 (today's high), 22301, 22449 and finally 22526.
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