Nifty closed at 4870.20 with a small gain of 11.95 points. As earlier said, making lower high and lower low is not a good sign. Trend is down till Nifty cross atleast 4970 with volume.
For today, WATCH 4880 CAREFULLY. IF ABLE TO CROSS WITH VOLUME, NIFTY MAY MOVE TOWARDS 4900 AND 4950 ON THE UP SIDE WHEREAS BREAKING 4850, NIFTY MAY HIT 4800 ON THE DOWNSIDE.
For today, WATCH 4880 CAREFULLY. IF ABLE TO CROSS WITH VOLUME, NIFTY MAY MOVE TOWARDS 4900 AND 4950 ON THE UP SIDE WHEREAS BREAKING 4850, NIFTY MAY HIT 4800 ON THE DOWNSIDE.
From options data,,highest options base has been shifted to 4800 put and 5200 calls. However, as of now 4800 may act as support and 5000 may act as resistance. 5200 (AFTER CROSSING 5000 & 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.
