Nifty: Resistance 5495/5525/5555/5575
Support 5480/5455/5420/5385
Nifty along with Asian markets opened +ve & firm after US President Barack Obama said lawmakers had agreed a deal on raising the nation’s debt ceiling, easing concerns a default may slow growth. Though Indian market pared gains in noon session & didn't sustained higher levels. Nifty is expected to open marginal down with 25-30 pts in line with Asian markets. Immediate strong support pegged @ 5455 zone. If held, Nifty may see some bounceback. Sustaining below this zone, Nifty can see some more booking till 5420 & lower zone. On upside, immediate resistance @ 5495, above this zone, 5525 will offer some halt. Nifty needs to close above 5555 to continue its upswing.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment