Now as long as Nifty manages to trade and close above 4945 level then things are all right otherwise we are sure to see more lower levels.
If Nifty breaches 4945 level with huge volume in day or close below it then Nifty will find support directly at 4768 level.
Some support can also be seen at psychological 4800 level.
On the higher side Nifty has resistance at 5049 and 5076 levels.
Until Nifty breaches 5083 level we are in weak trend and Nifty may be dragged further.
Another important level for Nifty is 5034 and above this we may see some bounce but it will be a strong intraday hurdle.
First Nifty need to cross 5034 level then only it may be able to test higher resistance.
| Important Nifty Levels for 25th January | ||
|---|---|---|
Nifty Pivot |
5013 | |
| Support | ||
| 5002 | 4945 | 4903 |
| Resistance | ||
| 5034 | 5049 | 5076 |
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