#NIFTY #TECHNICAL #VIEW - BUY at 4860 with StopLoss at 4850 for Target 4940, 5010
NIFTY Trend-Flat to Weak
SENSEX Trend-Flat to Weak
If NIFTY breaches 5014 and stays above at least 4979 with good volume then NIFTY trend is becoming STRONG and may see 5048 and 5120.
If Nifty breaches 4873 and stays below 4909 then NIFTY trend is said to be WEAK.Then expected lower targets are 4835 and 4780.
If SENSEX breaches 16723 and stays above 16605 with good volume then Sensex trend is becoming STRONG , possible upper targets are 16842 and 17080.
If Sensex crosses 16253 and stays below 16372 level then Sensex trend is said to be WEAK. Then expected lower targets are 16125 and 15940.
Intraday break out level to watch on NIFTY Spot- 5014
Intraday break down level to watch on NIFTY Spot- 4873
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