Markets have opened on a Flattish to Positive Note following positive global peers. But Gains are a bit subdued owing to shocking Infosys results.
Post positive opening, Now Till Nifty Fut holds 5278, Nifty fut can move up maximum till 5336-5349 area where it will face cluster of resistances. Further upside upto 5378/5423 only if crosses & sustains abv 5349.
If does not cross 5349, then will be trade rangebound between 5278 - 5349. Weakness will be witnessed upto 5235/5219 if breaks & sustains below 5278.
If does not cross 5349, then will be trade rangebound between 5278 - 5349. Weakness will be witnessed upto 5235/5219 if breaks & sustains below 5278.
Key Supports : 5278 & 5245.
Resistance : 5349 & 5378.
Probable Trading Range : 5245-5378.
Regards,
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews.
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews.
Never Forget : There are no Speed Limits on the Road to Excellence !!!
As advised, In morning Nifty held 5278 & Moved up till 5330.
ReplyDeleteDid not cross 5349,
Effect :: 5320 -->> 5278 -->> 5219.
As soon as 5278 broke, Nifty cracked much below our Target Levels of 5219. Made a low of 5195.2...