Nifty: Resistance 5420/5455/5490/5520
Support 5380/5355/5330/5315
Nifty opened marginal gap down & traded in a tight range of 10 pts for maximum time of the day, before witnessing a spike volatile session in last hour, which took Nifty to +ve zone for few minutes, before slipping back. Today Nifty may open with marginal gap up opening, in line with Asian market. Expect market to remain in range of 5380-5455. Till either side range breaks, market may trade range bound, with stock specific moves. On lower side, Nifty has support @ 5380-90, break below it, Nifty may go down till 5355-5315 zone. On upside, nifty needs to sustain above 5420, to regain its upward momentum towards 5455+ zone.
[all levels spot]
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment