Technical Analysis of Indian Equities by Nooresh

Nifty – Supports at 5220 and 5100/5180.

Nifty011111

 

The gap up move is being filled.

Resistance at the trendline continues to be a concern.

Support at 5220 from where we can expect a pullback. Trendline and Gap Support.

 

This is a time to be more stock specific as still there is a lot of value in the broader markets.

 

Regards,

 

Nooresh

 

nooreshtech@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2627 articles.

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