Courtesy :- FREE INTRADAY TIPS
Nifty Intraday Tips For Monday 11 April :- We were of the opinion that one may book profits as Nifty was fast approaching the resistance range of 5970 -6050. Nifty was seen trading with a very sideways bias since past few days and today it ended with a loss of 43 points at 5842. We continue to recommend profit taking at present levels as Nifty has formed a Doji on the weekly chart. Immediate support is placed at 5800. A breach of 5800 would induce further downsides till 5716 levels. On the higher side the recent high of 5944 and beyond that 5970 continue to remain as a stiff resistance. Even in case Nifty does not corrects below 5800 in the next one or two sessions the upsides may be capped till the level of 5970 to 6050 and from there we may witness some severe profit taking over the course of next week or so. . Nifty Intraday Tips
Source :- https://freecashmarkettips.blogspot.com/
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