MTECHTIPS:-NIFTY
Nifty gave a flat to negative opening taking cues from the world markets, the indices witnessed a sideways volatile session intraday.The markets recovered sharply in the final session and closed the
day with good gains.Nifty bounced back from intraday low levels 5255 which is 50DMA to go past 5300 and make a stunning high of 5342 before closing above the important 5310 levels. Nifty failed to close Gapup(5220-5260) formed on 06/August fully still 5220-5255 is open which gives a major hope with 5220 as Stop loss Target of 5450 can again be possible before any correction as last day of the Month NAV prop-up selected stock also possible. Today Nifty has to cross 5350 on a closing basis so as to make a stable up move towards 5390-5420 levels. On the flip side, if nifty slips below 5275 on a closing basis then the chances of nifty dwindling towards 5200-5180 is high. Nifty has strong support at 5275-5260 levels and some resistance at 5380 levels.
Nifty gave a flat to negative opening taking cues from the world markets, the indices witnessed a sideways volatile session intraday.The markets recovered sharply in the final session and closed the
No comments:
Post a Comment