The nifty has rallied from 8000 to 11,200 Levels . In Total a rally of 3200 points .
The major support is seen at 9600 levels . Once below 10,400 the next support level was 200 day moving avg . The 10,000 would have been a strong support but the world indicies have started falling now .........the nifty started falling earlier .
# This shall be a consolidation phase a new high shall be there only when earnings support or great victory by BJP in 2019 elections or anticipation of the same .
# On the down side below 9800 the main support shall be 9600 .
The major support is seen at 9600 levels . Once below 10,400 the next support level was 200 day moving avg . The 10,000 would have been a strong support but the world indicies have started falling now .........the nifty started falling earlier .
# This shall be a consolidation phase a new high shall be there only when earnings support or great victory by BJP in 2019 elections or anticipation of the same .
# On the down side below 9800 the main support shall be 9600 .
April Series Range 9800 - 10400 .....Crossing 10400 shall not be easy .