Index has formed a 200 point range.
On daily charts Index has formed a DOJI candle.
Immediate resistance at 15,400,
If sustains and trades above it we may see a short covering till 15,500 to 15,700 levels.
Key support is placed at 15,000 level.
15,175-15200 will act as an Intraday support if broken a short position for the downside targets of 15,000 can be considered.
On daily charts Index has formed a DOJI candle.
Immediate resistance at 15,400,
If sustains and trades above it we may see a short covering till 15,500 to 15,700 levels.
Key support is placed at 15,000 level.
15,175-15200 will act as an Intraday support if broken a short position for the downside targets of 15,000 can be considered.
Commento:
Nifty take support 15200 and bounce 60 point up