Nifty: Resistance 5666/5693/5733/5750
Support 5629/5601/5574/5555
Nifty remained in a tight range of 20 pts for max time of day & faced resistance on higher zone. Nifty slipped into red in last hour with selling pressure from higher zone. Expect Nifty to remain in a range of 5600-5750 till expiry. Today, Nifty may open gap up with 25-30 pts gains. Nifty has a very good intra support @ 5629 zone. If Nifty breaks & sustain below this zone, it may witness some more selling pressure & may slip to 5600-5574. If Nifty holds on to support zone of 5629, it may see some pullback towards 5693-5710 zone, from where selling pressure may be witnessed again.
Support 5629/5601/5574/5555
Nifty remained in a tight range of 20 pts for max time of day & faced resistance on higher zone. Nifty slipped into red in last hour with selling pressure from higher zone. Expect Nifty to remain in a range of 5600-5750 till expiry. Today, Nifty may open gap up with 25-30 pts gains. Nifty has a very good intra support @ 5629 zone. If Nifty breaks & sustain below this zone, it may witness some more selling pressure & may slip to 5600-5574. If Nifty holds on to support zone of 5629, it may see some pullback towards 5693-5710 zone, from where selling pressure may be witnessed again.
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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