Markets have opened 1.6% negative following deep cuts in Asian markets.
Going forward, till Nifty fut holds 4992, canmove up till critical resistance zone of 5049-5056.
Further upside upto 5084/5106 only if crosses & sustains abv 5056.
If does not cross 5056 zone, then will face selling pressure on all rises & trade rangebound 4992 - 5056.
Further Weakness will be witnessed upto 4960/4938 if breaks & sustains below 4992.
Key Supports : 4992 & 4968.
Resistance : 5049 & 5078.
Probable Trading Range : 4968-5078
Regards, Team Market View Investments. 9987750901. Disclaimer : As equity traders/Advisors We, our relatives and friends may have position in the stocks suggested by us. We are individuals and dont belong to any brokerage house or company. All Recommendations are based on technical and/or fundamental analysis and/or Personal observations. Trading in stock markets involves risk . We give Recommendations, opinions or suggestions with the understanding that readers acting on this information take in to account all risks involved with market. Acting on the basis of views expressed here is the sole responsibility of the reader. No responsibility will be assumed by the authors for the consequences what so ever, resulting out of acting on these recommendations. The information herein, together with all estimates and forecasts, can change with/without notice depending on the Market Conditions.
Going forward, till Nifty fut holds 4992, canmove up till critical resistance zone of 5049-5056.
Further upside upto 5084/5106 only if crosses & sustains abv 5056.
If does not cross 5056 zone, then will face selling pressure on all rises & trade rangebound 4992 - 5056.
Further Weakness will be witnessed upto 4960/4938 if breaks & sustains below 4992.
Key Supports : 4992 & 4968.
Resistance : 5049 & 5078.
Probable Trading Range : 4968-5078
Regards, Team Market View Investments. 9987750901. Disclaimer : As equity traders/Advisors We, our relatives and friends may have position in the stocks suggested by us. We are individuals and dont belong to any brokerage house or company. All Recommendations are based on technical and/or fundamental analysis and/or Personal observations. Trading in stock markets involves risk . We give Recommendations, opinions or suggestions with the understanding that readers acting on this information take in to account all risks involved with market. Acting on the basis of views expressed here is the sole responsibility of the reader. No responsibility will be assumed by the authors for the consequences what so ever, resulting out of acting on these recommendations. The information herein, together with all estimates and forecasts, can change with/without notice depending on the Market Conditions.
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