Sundara Raja Market Trends - (Jan 24, 2020)

Sundara Raja Market Trends - (Jan 24, 2020)
Further uptrend above 12,190  
 
Resistance1: 12,190     --    Resistance 2  : 12,230
Support:        12,150      --   Support 2 :       12,110
 
Nifty closed with a gain of 73 points.
Market recovered from lower levels, indicating positive trend.
Market has to close steady today, for an uptrend in next week.
 
Nifty has the next resistance above at 12,190.
Market has to trade above resistance for a further uptrend.
Then the next major resistance above is at 12,230 and next at 12,300.
 
 
 
 
 
In-case of a weakness, support below is at 12,150.
In-case of any trading below 12,150, then it indicates a further weakness.
Then the next major support below is at 12,100.
 
 
 
 
 
V. Sundar Raja, Research Analyst
 


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