Nifty: Resistance 4348/4359/4393/4445
Support 4271/4259/4215/4181
Nifty: Nifty bounced from supports on friday even after weak global cues & ended up in green. After positive global cues, expect a gap up of 30-45 points on Nifty. Critical resistance at 4393. A closing above it will lead to a good amount of short covering with just two days to settlement to August expiry. If we close above the said levels, then we may see good upside in Banks & Reality sector, as they are hard hitted sector & short covering may be witnessed in them.
JPASSOC looking good for ST Delivery above 163 tgt 172-177+ Sl 159 ( Closing basis )
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