Nifty: Resistance 3110/3155
Support 3090/3055/3030/3003
Nifty currently able to hold its +ve momentum with alot of volatility. Nifty facing stiff resistance at higher zone.All technical indicators too in overbought zone, any negative news may trigger profit booking from this zone. Overall Nifty seems to form a short term base. Now being Political season coming in, there could be alot of uncertain/un-expected moves in market on upcoming news from election outcomes.
Expect a flat/-ve opening with 3055 as strong support on lower band to be seen.
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