Nifty: Resistance 5250/5275/5315/5333
Support 5200/5165/5155/5110
Nifty had an violent volatile session with Election results being announced. Nifty opened gap down & soon recovered in mid session, with Nifty hitting above 5400 mark. But soon, Nifty started its downside move hit fresh intraday in noon. Today, Nifty may open gap down with 10-15 pts in-line with Asian market. Nifty is @ crucial support zone. If held 5165, Nifty may see some bounceback towards 5300 mark. On downside, below 5165, if sustains, Nifty may test 5131-5110 zone. Over all, we expect some support to be held in lower levels.
Voltas did good last time, can be re-entered in dips.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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