We Had A Volatile Flat Session Nifty Is Now Near The Upper Band Of The Downward Channel And The Sl For Long Remains 4175 Levels Also One Can Create Short In The Range Of 4350 – 4396 With Sl As 4480 Closing Basis Ss Is Giving +Ve Divergence While Rsi Is In –Ve Divergence Markets May Remain Volatile Till The Expiry
DOWNTREND LEVELS :
4378.52 – 4184.66 – 4163.12 – 3870.17 – 3616 – 3361.83
LEVEL FOR THE DAY
TECHNICAL OUTLOOK :
Imp Support 4205, Imp Resistance 4260,
Likely Trading Range 4175-4285,
Trade on long Above 4244 and Vice versa
Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.
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