Nifty facing selling pressure at higher levels. watch key resistance at 25150. key support at 24950 on closing basis. next trending move can be decided which side nifty makes breakout. stay alert. keep strict stoploss to positions regards
As expected, nifty took a pause and tested 25010 smd rrbounding from there. fall was 3 wave fall. Corrective in nature. Upmove can resume towards25200 initially and on successful crossover, it can head towards 25500+++ cover shorts, if any. regards.