Nifty: Resistance 5420/5433/5441/5451/5491
Supports 5400/5385-5350/5332/5315/5280
As written & expected, Nifty exactly bounced from lower support areas & went to +ve zone despite weak global cues. Though this upside move can be term as "corrective move". For fresh breakdown, Nifty needs to break & sustain 5350 zone. Fresh breakout (intraday) can be seen above 5441-5451. So, trade with levels. Selling at higher resistance zone would be advised. We may see gap up opening of 15 - 25 pts.
RIL in extreme oversold region.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment