Intra-day resistance 8340 (26 March 2020)

Intra-day resistance 8340 (26 March 2020)
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