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STOCK NIFTY TECHNICAL REPORT 08 NOVEMBER

Markets continued to trade in correction mode and bears captured for the third consecutive session and closed around their strong support levels. Nifty future opened on a flat note and rebounding was seen on higher levels due to profit booking and weak European markets. Closing below the lower band of channel indicates bearishness to continue where strong support is seen near 6190. Immediate resistance which is seen ahead is around 6270.

TREND: SIDEWAYS

SUPPORT      :  6190 & 6150

RESISTANCE:   6270 & 6340

 

For More Details :  http://trifidresearch.com/blog/stock-nifty-technical-report-08-november/

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