Nifty Outlook for 16th Jan

Nifty Daily Chart

 Stochastics in Daily chart showing as Highly overbought zone. NS has turned up and reached 4899 and retraced back to 4838 and closed at 4866. NS facing heavy resistance @ 4900-4915 level. Important to watch 4820-4804 level. If NS breaches 4800 and decisively breaches 4791 then it may reach to 4751 and from then 4688 level. But if NS holds 4816 on first 2 hours of trade on 16th January, NS may go back to 4911 and then 4937 level.


TT Data has been updated.

Before Trading please see the Golden Rules and TT Data