Resistance 1 : 10,060 Resistance 2 : 10,130
Support 1 : 10,000 Support 2: 9,940
Nifty yesterday closed with a gain of 82 points.
Market reacted from higher levels.
In-case of a recovery, then the next resistance above is at 10,060.
Market has to sustain above 10,060 for a further uptrend.
Then the next resistance above is at 10,130.
Market has to close above 10,000, for a positive trend.
- Nifty in a reaction, then intra-day support below is at 10,000.
In-case of a trading below 10,000, then it indicates a further weakness.
Then the next major support below is at 9,940.
Only in-case of any close below 9,940, then it indicates a short-term weakness.
- V. Sundar Raja, Research Analyst