NIFTY AT CLOSE WATCH
Right now, there are two possible scenarios
1. Nifty breaks previous low of 6870 and reach to strong support level at around 6600. (marked in Red Arrows)
2. Nifty goes up to 7125 levels and then break above close above resistance level of 7240. (which can be a trend reversal for nifty) marked in Green Arrows
Therefore, it is a close watch at nifty and stocks will be volatile and will be sector specific on their movement.
1. Nifty breaks previous low of 6870 and reach to strong support level at around 6600. (marked in Red Arrows)
2. Nifty goes up to 7125 levels and then break above close above resistance level of 7240. (which can be a trend reversal for nifty) marked in Green Arrows
Therefore, it is a close watch at nifty and stocks will be volatile and will be sector specific on their movement.
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