Nifty to trade in the range 4860 to 4960

As mentioned in the last post Nifty faced resistance at 4920 and closed below 4920 at 4914.

4860 is a Strong Support for Nifty. Below 4860 it can take support at 4835 then 4810.

Sell around 4950 and Buy around 4860.


Pivot Point

R2 : 4962
R1 : 4938
PP : 4906
S1 : 4882
S2 : 4850

Trendz

Week : Down
Day : Down
Hour : Up (Down Below 4810)
30 Min: Up (Down Below 4796)
15 Min: Up (Down Below 4860)

Option Pain indicates Nifty to trade between 4800 to 5000.

Short 5000 CE : 26
Short 4800 PE : 30

Total : 56 Points


Thanks