Nifty was extremely overbought and got sold off to adjust the overbought situation. Nifty is now likely to hit the all time high soon. Very stiff resistances present up-to 6300/6350 range and from 6600 range to 6800 range for Nifty Spot. Overall sentiment may remain Sell on rises & buy on Dips with Nifty making some progress on weekly basis.
Signal for the Day - Sell in rallies & Buy on Dips
Likely Range for the Day for Nifty Spot [ 6035 - 6135 - 6165/70 (Stiff Resistance) ]
Nifty Near Month Future
6175-6200 Sell Zone (6190 Stiff Resistance)
6150-6160 Sell Zone
6124-6134 Resistance
6110-6115 Key Zone
6080-6085 Buy here / Sell Below
6060-6070 Mostly Buy Here / Sell Below
6035-6045 Buy All out
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Bank Nifty Near Month Future
11000-11100 Stiff Resistance
10790-10890 Stiff Resistance
10640-10750 Resistance (10710 Key)
10500-10550 Resistance / Buy Above
10360-10380 Weak below
10250-10280 Support
10000-10050 Strong Support
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