Nifty opened higher at 8949 and bounced further to register day’s high 9038 but declined back sharply by more than 500 points to register day’s low 8522 and closed 18 points up at 8660.
Friday, 8504-8353 was immediate support and Nifty was expected to bounce towards 8926-9219 and any downside reversal was expected after break below 8353 only.
Nifty opened higher and upside target range 8926-9219 was achieved at opening only. Later 8818 was immediate downside breakeven point after registering high 9038 and same was broken. Later 8818-8900 was immediate resistance and Nifty was expected to decline towards 8454-8094 and same was updated by WhatsApp.
Nifty entered in resistance 8818-8900 after sending update, registered high 8839 and closed at 8674. Now, let’s have a fresh look at latest charts for further scenario.