Nifty closed at 4965.70 (lost 9.10 points). Views are almost same as was on yesterday.
For today, WATCH 4950-30 CAREFULLY. IF NIFTY ABLE TO HOLD THIS, IT MAY MOVE TOWARDS 5040/5070 ON THE UP SIDE WHEREAS BREAKING 4950 AND 4930, NIFTY MAY HIT 4900/4880 ON THE DOWNSIDE. 5100-5110 (5106; 200 SMA) WILL ACT AS RESISTANCE IN VERY SHORT TERM.
For today, WATCH 4950-30 CAREFULLY. IF NIFTY ABLE TO HOLD THIS, IT MAY MOVE TOWARDS 5040/5070 ON THE UP SIDE WHEREAS BREAKING 4950 AND 4930, NIFTY MAY HIT 4900/4880 ON THE DOWNSIDE. 5100-5110 (5106; 200 SMA) WILL ACT AS RESISTANCE IN VERY SHORT TERM.
From options data,,highest options base has been shifted to 4900 put and 5200 calls. However, as of now 4880/4900 may act as STRONG support and 5200 (AFTER CROSSING 5100-5110) will act as STRONG resistance.
THOSE WHO INTERESTED, MAY ACCUMULATE BHEL, TCS, SBI, JPASSOCIATES, BHARATI AIRTEL, L&T ETC. FOR LONG TERM IN CASH SEGMENT.
THOSE WHO INTERESTED, MAY ACCUMULATE BHEL, TCS, SBI, JPASSOCIATES, BHARATI AIRTEL, L&T ETC. FOR LONG TERM IN CASH SEGMENT.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
