Nifty technical support


Nifty Technical Outlook

Nifty is expected to open on flattish note and likely to witness sideways during the day. On technical grounds, Nifty is facing strong selling pressure on very higher levels indicates bearish view. Nifty has an immediate support at 9470, any move below the same may extend the fall towards 9250/9100/9000. On the flip side 9950/10000 will act as a resistance zone. Overall view is bearish stay light with long position and trade the calls with strict stoploss.
Action: Nifty has an immediate support placed at 9400 and on a decisive close below expect it to fall to 9100/9000 levels.

Stock level

Asian paint 

Support level at 1830 below this level and more selling pressure expected target 1800/1780/1750/1730

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Nifty Sensex said…
Nifty day's low 8530
Asian paint low 1670 all Target done

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