Expect Markets to open on a Positive Note in-line with Global Counterparts.
Though Over-all trend remains bearish, Nifty Fut may demonstrate a small pullback with few dips in between.
Post Huge Short-Covering Yesterday, now 5058-5065 is a critical resistance which if crossed may trigger further short-covering upto 5094/5125. If does not cross 5065, then 4965/4935 could be tested.
Key Nifty Futures Levels :
Supports : 5008 & 4976.
Resistances : 5065 & 5094.
Probable Trading Range : 4976 – 5094.
Advised in Morning itself 5058 critical resistance. ..Check the high 5055 !!!
ReplyDeleteEffect :::: 5045 ---->>>> 4970 !!!!
Sent in Morning : Now 5058-5065 is a critical resistance. If does not cross 5065, then 4965/4935 could be tested.