Nifty, Sensex end the week flat ahead of Q3 results and amid Res Sea worries
The Nifty is expected to trade in the 21,500–21,850 range over the next few sessions. Analysts expect consolidation over the next few sessions
Source: moneycontrol.com
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Technical View | Recovery indicates dominance of bulls, Nifty may target record high again
The options data suggested that 21,600-21,500 may be an immediate support for the Nifty50 and the 21,700-21,900 zone may act as a hurdle on the higher side
Source: moneycontrol.com
Technical View | Bears may gain more strength if Nifty decisively breaks 21,500
Options data indicated that 21,500 is an important level for further direction in the Nifty50 with immediate resistance at 21,600-21,700 levels and support at 21,400
Source: moneycontrol.com
Technical View | Nifty may see more downward move with immediate support at 21,500
Options data also indicated that 21,700-21,800 can be immediate resistance for the Nifty50 with support at 21,500-21,300 levels
Source: moneycontrol.com
Technical View | 21,800 remains crucial for further upside towards psychological mark
Options data indicated the 21,900-22,000 zone is expected to be a key resistance area for the Nifty50 going forward with support at the 21,700-21,500 zone
Source: moneycontrol.com