Nifty: Resistance 4777/4790/4800/4840/4920
Supports at 4700/4680/4620
View: Same as before. Yesterday Nifty traded in a range whole day before profit booking started near to the end of the yesterdays trading session.Today Inflation data may play a vital role. If it comes less than last time ( which we are hoping ), then we may see some positive sentiments. Global markets are also good. Just need good news to boost up.
Still strong resistance at 4820 level, need a closing above it for further up move confirmation.
Intraday:
Buy Petronet Above 75.5 SL 74 TGT 78
Buy RPL Above 177 SL 176 TGT 179.5-181
( Future is not reccomended due to high volatility. Targets are indicative not suggestive, please book accordingly )
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