As posted in last week analysis – Nifty did low of 9951 on Monday and then started retracing, as for now 10227 and 10280 are the two most Important resistance point for the market above that move towards 10400 / 10590 can also be seen and on the other hand 10008 and 9908 are the two most Important supports.
Last week Nifty gave good short trade on Wednesday near our Natural Resistance of 10280, however in later part of the week Nifty move above 10280 and in fact, we have got weekly close above 10280.
10420 / 10510 are the two Important price targets which should come till we are trading above 10170 / 10100, so in case of any dip we can take long position near these price points and 10390 / 10550 will act as Resistance in the coming week
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