Expect Mkts to open on a negative note inline with Asian peers. May consolidate & trade rangebound 5402-5455 (Nifty Futures) till IIP data is announced.
5450-5455 is critical resistance which if crossed may trigger further short-covering upto 5490/5519.
5450-5455 is critical resistance which if crossed may trigger further short-covering upto 5490/5519.
If does not cross 5455, may fall upto 5402. Weak upto 5355 only if sustains below 5402.
Key Supports : 5402 & 5374.
Resistance : 5455 & 5490.
Probable Trading Range : 5374-5490
As advised,
ReplyDeleteNifty could not cross resistance zone 5450-5455. High 5443.
Result :: 5440 --->> 5402.
As soon as it broke 5402 & sustained below it,
5402 --->> 5355 !!! Check the low 5355 Exact !!!!
Hope you are benifitted by the above levels.