Nifty: Resistance 5131/5167/5191/5227
Support 5115/5090/5055/5030
Nifty reversed intraday gains to slide to intraday low in late trade as the measures announced by the government failed to meet market expectations. Today, Nifty may open flat/-ve in line with weak Global Cues. Immediate good support @ 5090-5080 zone. If held, Nifty may see some support taking & bounce back may be seen. Below this, Nifty may see some selling pressure towards 5055-5030. On upside, 5131 will offer immediate intra resistance. Above it, Nifty may see 51555-5167+ zone.
Overall, ahead of expiry, expect Nifty to remain in broader range of 5080-5100.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment