Expect markets to open subdued following negative global markets.
If Nifty Futures does not manage to cross 5142-5156 zone, then will face selling pressure on all rises & trade rangebound 5083 - 5156.
Further Weakness will be witnessed upto 5051/5013 if breaks & sustains below 5083.
Small pullback upto 5175/5198 only if crosses & sustains abv 5156.
Key Supports : 5083 & 5055.
Resistance : 5148 & 5176.
Probable Trading Range : 5055-5176
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.
If Nifty Futures does not manage to cross 5142-5156 zone, then will face selling pressure on all rises & trade rangebound 5083 - 5156.
Further Weakness will be witnessed upto 5051/5013 if breaks & sustains below 5083.
Small pullback upto 5175/5198 only if crosses & sustains abv 5156.
Key Supports : 5083 & 5055.
Resistance : 5148 & 5176.
Probable Trading Range : 5055-5176
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.
5056 hits !!
ReplyDeleteAs advised, Nifty Futures could not cross 5142 ( High 5138.75) !!
As a result fell sharply from 5130 post Inflation figures exactly upto the support zone 5083.
:::: 5130 --->> 5056 hits !!
Book full profits.
Gains of almost 50-60 points per lot.