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Published on 28/05/2020 12:00:05 PM | Source: Tradebulls

The coming series as well while for the day immediate hurdle remains at 9520 - 9460 zone - Tradebulls

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Nifty

Break above 9160 triggered the momentum towards 9500 . The rebound from the channel pattern support is also supported with an improvement in its relative strength. 9000 now seems to be a strong base for the current up move while the immediate major resistance stands at 10000. Hence maintain longs until 9000 holds for the coming series as well while for the day immediate hurdle remains at 9520 - 9460 zone. Option pain data indicates a confluence around 9250 , jump in OIPCR to 1.56 from 1.15 is alarming hence remain cautious for fresh breakout moves as the index may witness some cool off in momentum during the day.

 

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