Nifty: Resistance 5550-5565/5580/5631/5680
Support 5510/5470/5444/5418
Nifty remained under pressure & continued to face resistance @ 5550-5565 zone. Mid-cap & highly oversold stocks showed some bounce from lower levels yesterday lead by Metals, Reality & Oil and Gas Sector.
Today Nifty may open flat in line with Asian market. Nifty still, maintains resistance @ 5550-5565. If crosses & sustains above this level, Nifty may see some rebound & a short term rally towards 5630-5680+ zone can be seen. On lower side, decent support maintains @ 5470. If Nifty shows continuous fall/close below this level, then we may immediately see 5200-5000 sub zone.
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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