Nifty: Resistance 5674/5710/5737/5767
Support 5657/5630/5617/5595
Nifty opened with minor gap up. Nifty faced resistance @ 5695-97 zone & selling pressure was witnessed. Nifty slipped into red, but again managed to close in green with just 1 pt gain. Nifty is stuck in 5650-5730 zone. Today, initially Nifty may open flat & remain in a narrow range ahead of RBI meet. Some volatile action may be expected post it.
Immediate resistance @ 5674, once sustained, Bulls will again lookout for touching 5695-5715+ zone. On lower side, Intraday support is pegged @ 5657 & 5630. If lower zone of 5630 is held, Nifty is expected to show some bounce back. Once broken & sustain out of above mention range, some positional trades may be taken.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Support 5657/5630/5617/5595
Nifty opened with minor gap up. Nifty faced resistance @ 5695-97 zone & selling pressure was witnessed. Nifty slipped into red, but again managed to close in green with just 1 pt gain. Nifty is stuck in 5650-5730 zone. Today, initially Nifty may open flat & remain in a narrow range ahead of RBI meet. Some volatile action may be expected post it.
Immediate resistance @ 5674, once sustained, Bulls will again lookout for touching 5695-5715+ zone. On lower side, Intraday support is pegged @ 5657 & 5630. If lower zone of 5630 is held, Nifty is expected to show some bounce back. Once broken & sustain out of above mention range, some positional trades may be taken.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
No comments:
Post a Comment