In the last analysis, we discussed. For Nifty Index 8140-8120 is the support area, on holding below that we can see lower levels. On the upper side, 8311-8325 will act as Resistance; above that, we can see bulls getting strength during today’s session.
After our last post on Friday, Nifty opened flat, and made the low around 8178 level. From their bulls took the charge and pushed the market towards higher levels.
Once it broke the 8311-25 resistance zone, bulls become more strong and by EOD it did the high around 8883 levels.
Later on yesterday, Nifty opened with a big gap-down. It gave up all the Friday gains and made the low around 7883 levels.
Now for today’s session, 7490-7477 is the support area on holding below that we can see lower stages.
On the upper side, 7850 will act as Resistance; above that, we can see bulls getting strength during today’s session.
