Spot levels for today to look UP to:
(coincidentally, it's a 20 step ladder)-
3840 - pivotal point, initial sign of strength
3860 - chartical resistance level, above which 3900 should be tested
3880
3900 - R1 for today, and logical target before any mild correction...
3920 - my full stop for today's rally... if this breaks (very less chance today), nifty spot then might even try to close tuesday's gap down by targetting 4000+ (3970 is R2 for today)
(coincidentally, it's a 20 step ladder)-
3840 - pivotal point, initial sign of strength
3860 - chartical resistance level, above which 3900 should be tested
3880
3900 - R1 for today, and logical target before any mild correction...
3920 - my full stop for today's rally... if this breaks (very less chance today), nifty spot then might even try to close tuesday's gap down by targetting 4000+ (3970 is R2 for today)