Resistance 1 : 8340 Resistance 2 : 8400
Support 1 : 8260 Support 2: 8200
Nifty yesterday closed with a strong gains of 515 points.
Market saw a resistance at higher levels of 8370.
A flat opening is expected due to global trends.
Nifty incase of a positive trend, then intraday resistance above is at 8340.
Market has to trade above this resistance for a further uptrend.
Then the next major resistance above is at 8400.
Market has to close above these resistances for a further uptrend.
In-case of any weakness, then next support below is at 8260.
In-case of any further trading below 8260, then a further weakness can be expected.
Then the next major support below is at 8200.
- V. Sundar Raja, Research Analyst