Nifty: Resistance 5255/5275/5315/5333
Support 5222/5205/5195-5165
Nifty had a volatile session, but managed to close in green. Today, with extreme weak cues from US & EU markets, Nifty may open gap down. Nifty has immediate support @ 5222 & below it @ 5205-5195 zone. If managed to hold, Nifty may see some bounce back. Break below & sustain below this zone, Nifty may see some more weakness.
Traders are advised to keep watch on 5165 zone. Till Nifty holds 5165 zone [closing basis], traders may use dips to take specific longs for bouncebacks. Below this zone, Nifty may dip further towards 5050-4950 zone in coming days. Else, 5350-5400 may come in bouceback from supports.
Traders are advised to keep watch on 5165 zone. Till Nifty holds 5165 zone [closing basis], traders may use dips to take specific longs for bouncebacks. Below this zone, Nifty may dip further towards 5050-4950 zone in coming days. Else, 5350-5400 may come in bouceback from supports.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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