The Overall Trading Range 5151 to 5441
Today consider resistance 5231-5258
Downside break 5186.78 and stay with volume
Lower level major support band 5137.45-5146.89- If hold this level strong bounce back.
Consider support 17030-16976
Decisively break with volume further glide down
Towards 16830.45 and below
Higher-level resistance 17568 watch out
RBI Credit Policy will be a trend decider of this week... Bull move only if hold 10348 continues and on the downside support is 10040-9903 watch out closely.
Consider Resistance 5252.45 and downside support 5182 break and trade below target 5133.On the other hand reversal cannot be ruled out and wit volume 30-60 point wipe out easily
Sunday, 15 April 2012
Thursday, 1 December 2011
Today Nifty can opening with gap due to Asian Markets and it has immediate resistance at 5020 and 5055 levels. If NIFTY breaks above 5055 on weekly closing basis, short term fresh buying can be expected and then 5153 and 5183 levels are possible. The lower side, the support would be at 4815 and 4757 levels. Investors are advised to build their portfolio in the form of SIP (Systematic Investment Plan) scheme for the next two – three months on weekly basis. Trade Cautiously as volatility may remain high ahead of weekly inflation data released later in theday.