Markets have opened on a subdued note inline with Asian peers.
Post opening, till Nifty Futures hold 5078-5084, it can move up maximum till 5132-5138 area.
Further upside upto 5164/5188 only if crosses & sustains abv 5138.
If Nifty Futures does not manage to cross 5138 zone, then will face selling pressure on all rises & trade rangebound 5076 - 5138.
Further Weakness will be witnessed upto 5049/5022 if breaks &sustains below 5076.
Key Supports : 5076 & 5049.
Resistance : 5138 & 5176.
Probable Trading Range : 5049-5176.
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.
Post opening, till Nifty Futures hold 5078-5084, it can move up maximum till 5132-5138 area.
Further upside upto 5164/5188 only if crosses & sustains abv 5138.
If Nifty Futures does not manage to cross 5138 zone, then will face selling pressure on all rises & trade rangebound 5076 - 5138.
Further Weakness will be witnessed upto 5049/5022 if breaks &sustains below 5076.
Key Supports : 5076 & 5049.
Resistance : 5138 & 5176.
Probable Trading Range : 5049-5176.
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.
5138 hits. Check the high 5138.55 !!
ReplyDeleteSent in Morning :
Markets have opened on a subdued note inline with Asian peers.
Post opening, till Nifty Futures hold 5078-5084, it can move up maximum till 5132-5138 area.
Advised Further upside only if it crosses & sustains abv 5138.
ReplyDeleteMade High 5141.5 in a spike but could not sustain abv 5138.
As a result facing selling pressure on all rises & cracked upto 5095.
Nifty Shorts 5130/5132 to 5095.
Book profits & Revise SL to 5150 now.
Going Forward,
Lot of Addition in Open Interest is witnessed in 5100 CE.
Hence Till Nifty Future does not cross 5150, it would continue to face selling pressure on rises & may witness lower levels of 5075/5050 uptill expiry.
Movements would be very volatile on account of F&O expiry on Thursday. Hence trade cautiously.