Trend is bearish trading below daily
50 EMA and infosys ADR trading 5 percent down after company posted Q4 earnings that can effect on nifty pushing to more downside. Still we follow support and resistance levels to trade on friday.
Support are 21950 if sustains below short targets of 21900,21850,21800,21750
Resistance are 22080 if sustains above long targets of 22120,22150,22200.
Metioned suppor,resistance and targets areas can act as reversal area please watch price action on those.
50 EMA and infosys ADR trading 5 percent down after company posted Q4 earnings that can effect on nifty pushing to more downside. Still we follow support and resistance levels to trade on friday.
Support are 21950 if sustains below short targets of 21900,21850,21800,21750
Resistance are 22080 if sustains above long targets of 22120,22150,22200.
Metioned suppor,resistance and targets areas can act as reversal area please watch price action on those.
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21750-21800 area acting as support now
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took support on mentioned area but did not expected this much move upside
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For Monday 22 nd April support and resistance levels
22200 below sustains short targets of 22120,22100,22080
22270 above sustains long targets of 22330,22350,22400
22200 below sustains short targets of 22120,22100,22080
22270 above sustains long targets of 22330,22350,22400
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Mentioned suupport and Resistance area can act as reveresal ponts 22200 area look for rejection or breakdown and 22270 area look for rejection or breakout
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22200 area took support and rejected went to test immeadiate resistance area look for break out or rejection here
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April 24th Nifty supprt and resistance levels
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April 25th support and resistance levels
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rejected from resistance area
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Second trade of the day
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