- The previous support of 5749 to act as a stiff resistance. 34 Hour SMA @ 5749.5749 is also the breakout level of the downward sloping channel of the fall from 5850 to 5664.
- High Reward- Low Risk Trade: Resistances/ Sell Zone: 5735-5745. SL 5750. Beyond 5750, there will be an intraday breakout, which means a move of 90-100 points giving targets of around 5790-5800
- Supports/Buy zone: Recent lows around 5660/5671. SL 5650.
- Bank Nifty is forming one more Head & Shoulders pattern: Resistances -11700-11750 and previous higs of 11800 zone; Supports - Recent lows around 11400 and below which 11120/ 11200
Tuesday, March 5, 2013
NIFTY Mar 05 Intraday Levels
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Next levels to watch out: 5 day High EMA@5770 and 5 week Low EMA @ 5762
ReplyDeleteAbove 5750, High for the day achieved @ 5790.
ReplyDeleteYour blog is very useful to all the people especially for stock Traders. So much important information is there in your site.....Nifty levels
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