Nifty opened above the resistance levels created in yesterdays trade. There were no other reliable resistance levels until 8020, hence it gave a comfortable long entry at the opening.
Nifty 1 min chart:
Watch out for the resistance near 8020 zone. It may retrace back to 7980 again. That is a support zone, if supports then again it will go up at least towards 8020.
Nifty 1 min chart:
Watch out for the resistance near 8020 zone. It may retrace back to 7980 again. That is a support zone, if supports then again it will go up at least towards 8020.
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