Nifty: Resistance 5050-5065/5082/5115/5151/5165
Support 5007-4994/4949/4914/4880/4848
Again a rangebound day within our given levels. Nifty made a low of 5004 (Our Support Zone Mentioned Yesterday) & bounced back to 5050+ zone & closed flat. For today too, view remains same as yesterday, below 5007-4994, Nifty may test 4949 & lower support area. Nifty sustaining above 5050, can see further more upside to 5082-5115 range. Nifty is expected to open gap down with 20-30 Pts on back of weak global cues & break of given levels will give further movements for intraday.
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Support 5007-4994/4949/4914/4880/4848
Again a rangebound day within our given levels. Nifty made a low of 5004 (Our Support Zone Mentioned Yesterday) & bounced back to 5050+ zone & closed flat. For today too, view remains same as yesterday, below 5007-4994, Nifty may test 4949 & lower support area. Nifty sustaining above 5050, can see further more upside to 5082-5115 range. Nifty is expected to open gap down with 20-30 Pts on back of weak global cues & break of given levels will give further movements for intraday.
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