May 20, 2016

Nifty support and resistance levels

  • Crucial support for nifty is the 50 Day SMA Line. Close below this one may tilt the balance in favour of bears.
  • Daily shows a broad range between 7680 to 8000 level. There is a small range within this big one which is stopping bigger moves from happening.


  1. Thanks for Nifty analysis,

  2. The pull back could be due to the impending cross over of 50 DSma (7728 & rising by 7 points a day)over 200DSma (7797 & declining by 4 points a day...

    Will it cross over or would turn down - to be monitored in the coming 7 to 10 days.

    1. Thanks for your views sir.
      Happy to see you here after a long time.