Nifty closed again on a bullish note at 4949 .Today the first resistance for nifty is at 4977-82 level.Next resistance ranges are at 4990-94,5009-14,5051-55 level,5080-85 level,5111-13 level,5139-43 level.On downside first support is at 4921-17 level.Next supports are at4902-99,4882-82, 4847-42,4793-90 level,4762-57,4740-37 level,4696-93,4675-70 level.Even though last two trend was bullish nifty is still in bear region So today if nifty strongly trades above 5000 some pull back can happen but not the trend reversalWe expect the nifty to be range bound to weak for two more days owing to derivative expiry.
Market Trend For Tomorrow
No comments:
Post a Comment