Nifty Expected Bounce from PRZ EOD Analysis?

Again Nifty 50 taken support from medium term support of 9700 and trade above Balance Point Level 9920-9960.

The above Balance Point level 9920-9960 should act as strong support for Bulls below that Bears takes control.

Now Immediate support zone 10090-10070 act as potential reversal zone of current trend and should be arrested to resume the trend.

Level to Watch!!!

PRZ support-10090-10070

Balance Point support-9960

Immediate Resistance-10160-10190

Next Resistance-10325-10450

Note-This above levels are my personal view for educational Purpose only.Read Disclaimer.

Nifty EOD update

As per 11st Aug and 4th Sept report Nifty taken support from medium term PRZ and achieved new all time High.

Now Again this time also Nifty breached that 9700 level bears are in control as long as price is below 9920-9960.

Bears will get more momentum if Nifty consecutively close below 9700.

Level to be watch!!!

Immediate support-9700

PRZ-9600-9624 & 2nd support-9550

Resistance-9920-9960

Note-This above levels are my personal view for educational purpose only.Read Disclaimer.