Intraday support at 10,200 and 10,150    --   25 June 2020

Intraday support at 10,200 and 10,150    --   25 June 2020
Intraday support at 10,200 and 10,150    --   25 June 2020
 
Resistance 1 : 10,260     Resistance 2 : 10,310
Support 1  :     10,200     Support 2:       10,150
 
Nifty yesterday closed weak with a loss of minor gain of 166 points.
Market reacted from higher levels, indicating strong selling pressure.
 
A negative opening is expected, due to global trends.
Nifty in a reaction, then intra-day support below is at 10,200.
 
In-case of a trading below 10,200, then it indicates a short-term weakness.
 
Then the next major support below is at 10,150.
In-case of any close below 10,150, then it indicates a further weakness .
 
 
 
 
 
 
In-case of a recovery,then the next intraday resistance above is at 10,260.
Market has to trade above this, for a further uptrend. 
 
Then the next major resistance above is at 10,310.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
V. Sundar  Raja
Research Analyst
 
Ph  -  94410-79304