Expect Markets to open on a positive note.
Post Relentless selling pressure in last 3 sessions from 5590 to 5330,now 5326-5330 on Nifty Futures can provide decent support. If holds 5326, expect pullback upto 5420/5449 area. If breaks & sustains below 5326, could witness fall upto 5285/5260 area.
Key Supports : 5330 & 5296. Resistance : 5386 & 5429. Probable Trading Range : 5296-5429
Post Relentless selling pressure in last 3 sessions from 5590 to 5330,now 5326-5330 on Nifty Futures can provide decent support. If holds 5326, expect pullback upto 5420/5449 area. If breaks & sustains below 5326, could witness fall upto 5285/5260 area.
Key Supports : 5330 & 5296. Resistance : 5386 & 5429. Probable Trading Range : 5296-5429
5420 almost hits as advised. (High 5416). Book partial gains & revise SL to 5375 for balance qty.
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