Markets are poised crucially after trading rangebound in last few weeks & clear trend is likely to emerge this week with crucial RBI Policy meet on 27th, F&O expiry on 28th & Important Q1 results of Large-Caps including RIL, NTPC during the week.
Finally Govt's policy paralysis seems to have been broken with proposal for 51% FDI in Multi-Brand Retail being passed & RIL-BP deal being cleared which can be viewed as a Positive Step.
Stay Cautious till Nifty Fut does not cross & sustain above 5750.
Going Forward,
Nifty Fut faces crucial Trendline resistance @ 5735-5752 levels crossing & closing abv which further Momentum would lead to 5855 & 5935.
But, If fails to cross & sustain abv 5752, Will be in a trading range 5535-5752.
Strong support lies @ 5540-5550.
If breaks & closes below 5535, it may touch 5415 & 5305.
Regards,
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Finally Govt's policy paralysis seems to have been broken with proposal for 51% FDI in Multi-Brand Retail being passed & RIL-BP deal being cleared which can be viewed as a Positive Step.
Stay Cautious till Nifty Fut does not cross & sustain above 5750.
Going Forward,
Nifty Fut faces crucial Trendline resistance @ 5735-5752 levels crossing & closing abv which further Momentum would lead to 5855 & 5935.
But, If fails to cross & sustain abv 5752, Will be in a trading range 5535-5752.
Strong support lies @ 5540-5550.
If breaks & closes below 5535, it may touch 5415 & 5305.
Regards,
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
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