Nifty 10480-10680 cab be the range for near term.
Nifty - 10630-680 zone looks important to cross for further upside.
I feel market will consolidate within the range of 10480-10680, before making a decisive move in either direction. Looking the chart will give you an idea of how these levels are reached at.
Holding 10562 is important for short term uptrend, it is PDL as well as low of hanging man pattern that nifty has made on daily charts on Friday (July 3).
RSI divergence can be seen easily, on daily charts. I advise extra caution as long as it is not nullified or materialise.
Below 10480, 10444, 10372, 10304 and 10260 can be seen.
TRADE WITH CAUTION, preferably utilising some low risk strategy i.e. combination of futures and options.
It is important to carry due diligence and consult some expert consultant before taking a position in financial markets.
I feel market will consolidate within the range of 10480-10680, before making a decisive move in either direction. Looking the chart will give you an idea of how these levels are reached at.
Holding 10562 is important for short term uptrend, it is PDL as well as low of hanging man pattern that nifty has made on daily charts on Friday (July 3).
RSI divergence can be seen easily, on daily charts. I advise extra caution as long as it is not nullified or materialise.
Below 10480, 10444, 10372, 10304 and 10260 can be seen.
TRADE WITH CAUTION, preferably utilising some low risk strategy i.e. combination of futures and options.
It is important to carry due diligence and consult some expert consultant before taking a position in financial markets.
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