Nifty: Resistance 5315/5333/5355/5385
Support 5275/5251/5210/5176
Nifty opened & remained in a narrow range of 20 pts, before a sell-off dragged down the indices to fresh intraday
lows in mid-afternoon trade. Late session of trade was characterized by
intense volatility with reports indicating a Algo Trade which took Nifty futures tumbling over 300
points to a intraday low of 5,000. Today, Nifty may open flat/-ve with 10-12 pts in line with Asian market. Immediate good support @ 5275, if breaks & sustain blw it, Nifty may head towards 5251-5222 & lower zone. On upper side, Nifty immediate resistance pegged @ 5315, above it, Nifty may head towards 5333-5355.
Nifty has good positional support @ 5100-5150 zone & Resistance @ 5385. Either side break will bring more momentum.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Nifty has good positional support @ 5100-5150 zone & Resistance @ 5385. Either side break will bring more momentum.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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