Gap up opening on D-Street as Fed leaves key rates unchanged.
Areas to watch out :
Supports @ 7480 - 7440 - 7400
Resistance @ 7600 - 7640 - 7680
As expected Nifty fell down yesterday in the morning trades, but in the second half it bounce for the supports zone of 7440 - 7400 levels as mentioned in the earlier post.
Yesterday, On hourly charts there was a Candle RSI divergence at support of 7440 - 7400 levels which lead Nifty to close near by 7500.
Key levels to watch out : supports @ 7440 - 7400 and resistance @ 7580 - 7610 - 7640
Bias is positive with buying on dips strategy.
Will update view as markets progress and give proper trade based on the charts.
Regards,
Team ATC.
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