Nifty had shown some bullish rally starting mid of July and started falling south last week leading to a big Question about the current bull trend.
One has to watch for this following major support and resistance levels.
Bull Trend is confirmed only if nifty crosses 4476, 4539 as well as 4649 without breaking the critical support level of 4159. If it happens one can witness a non stop rally upto 5200.
One has to be careful on this rally because nifty may fail to cross the resistance level of 4539 considering the current economical factors.
On the other side if nifty drops below this important support level of 4159, nifty will fall to this year's low of 3790 and even new lows.
Tuesday, August 26
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