Nifty: Resistance 4747/4775/4789/4820
Support 4664/4646/4633/4590
Nifty remained whole day in a narrow range with a low volume, but it tried to gave last minutes breakout on charts. With global market too, giving support, we may again expect a gap-up opening with 15-25 Pts on Nifty. Till 4646 is held intraday, one may use dips to take longs.
We may again see some volatile/range movements in Nifty in early phase of trades & selling pressure may be seen in mid session of trades. So trade with strict SL. Though trend is up, but still we will advice to be little cautious as trade volume were low in yesterday's trade.
Adani Power Fixes IPO price at Rs 100/-
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