Weekly View Nifty and Relinfra
This is Nifty Future two Years chart
(While updating Nifty is trading at 8900 up 60 points)
This Week Nifty Future Trend Decider levels are 8915 & 8775
Above levels are very hurdle & crucial for this week
Nifty Future once if closes above 8915……….
then finding next resistances at 9050 & 9191
Considers supports at 8775……..
and if breaks & closes below this level
then panic selling will be expected up to 8650!!
Overall view :
Nifty looking very bullish & can buy
at declines with stop of 8775 closing basis
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Above is RELINFRA three month chart
Relinfra has strong Resistance at 613………
But broken & closed above the level
so looks good & favour for Bulls……….
we take longs at declines
Finding next resistances at 635, 655 and 700+
Consider supports at 605 & 590
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