Nifty needs to save 10600 to scale to 10800 – 10930 levels.
Nifty maintained its northbound journey during the last week. The futures closed at 10688 levels. An important support is at 10600 levels, buyers needs to save it to keep moving up. These levels, if protected Nifty futures may move to 10800 – 10930 levels.
Concerning are the gaps over the prices, and the momentum divergence in MACD. Prices are also near the 200 SMA. It will be interesting to see how Nifty will behave here.
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