Sundara Raja Market Trends - (Feb 27, 2020)

Sundara Raja Market Trends - (Feb 27, 2020)
Intra-day support at 11,600
Resistance1: 11,680   --    Resistance 2 :  11,720
Support:        11,640      --   Support 2 :      11,600
Nifty yesterday closed with loss of about 120 points .
Market saw a weak closing yesterday.
Negative opening expected.
In-case of a weakness, intraday support below is at 11,640.
In-case of any trading below 11,640 then it indicates a further weakness.
Then the next major support below is at 11,600.
In-case of any trading/closing below 11,600, then further weakness is possible.
Then the next support below is at 11,500- 11.520 levels.
Nifty in-case of a recovery, intraday resistance above is at 11,680.
Market has to trade above resistance for a further uptrend.
Then the next major resistance above is at 11,720.
V. Sundar Raja, Research Analyst