Markets have opened positive & has gained over 0.5-0.8% untill now.
Going forward,
If does not cross 4942, then will face selling pressure on all rises upto 4892 & trade rangebound 4892 - 4942.
Further Weakness will be witnessed upto 486/4824 if breaks & sustains below 4892.
Smallpullback upto 4984/5006 only if crosses & sustains abv 4942.
Key Supports : 4908 & 4875.
Resistance : 4942 & 4976.
Probable Trading Range : 4875-4976
As advised, Post morning Nifty Futures could not cross 4942 (High 4940).
ReplyDeleteHence traded range bound between 4892-4930 with selling pressure on all rises.
Result :: 4920 -->> 4849.
Book 50% gains & Trail with Revised SL to 4920 for extended lower targets of 4832/4806.
4832 hit !!!
ReplyDelete