i2Gain
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Purely an educational and analysis channel, no buy sell tips or calls are shared here. The purpose is to enable retail traders and investers about forming some opinion on direction of indices on the basis of certain popular indicators n quantitative data.
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566
Net institutional selling (cash) was small, FII bought index futures are kind of confirming the view.
566
24250 and 25330 are immediate resistance levels and 24080-24000 are immediate supports. I'll look for long side opportunities in the morning, go with data after 10:00 A.M.
566
Despite negative technical closing, there has been some good signs with Nifty's yesterday closing. Breadth was good, banks and IT companies performed well, Rate of decline has been receding, There have been a few candles with long wick, in simple words strong support / buying is visible near 24050 levels.
