Sundara Raja Market Trends - (Feb 26, 2020)

Sundara Raja Market Trends - (Feb 26, 2020)
Intra-day support at 11,700
 
Resistance1: 11,755   --    Resistance 2 :  11,790
Support:        11,700      --   Support 2 :      11,660
 
Nifty yesterday closed with minor loss of about 33 points .
 
 
 
 
 
Market reacted from higher levels.
 
Negative opening expected.
 
In-case of a weakness, intraday support below is at 11,700.
In-case of any trading below 11,700 then it indicates a further weakness.
In-case of a further trading below 11,700, then further weakness is possible.
Then the next support below is at 11,660.
 
 
 
 
Nifty in-case of a recovery, intraday resistance above is at 11,755.
Market has to trade above resistance for a further uptrend.
Then the next major resistance above is at 11,790.
 
 
 
 
 
 
 
 
 
 
 
V. Sundar Raja, Research Analyst