Improvement in Global risk sentiment, RBI's intervention in currency market and L&T result helped Nifty to snap its continuous five day's losing streak and to close at 4942.80 with a gain of 35.00 points.
For today, WATCH 4950-4955 CAREFULLY. IF NIFTY ABLE TO HOLD THIS, IT MAY MOVE TOWARDS 4970/4990 ON THE UP SIDE WHEREAS BREAKING 4930, NIFTY MAY HIT 4900/4880 ON THE DOWNSIDE.
For today, WATCH 4950-4955 CAREFULLY. IF NIFTY ABLE TO HOLD THIS, IT MAY MOVE TOWARDS 4970/4990 ON THE UP SIDE WHEREAS BREAKING 4930, NIFTY MAY HIT 4900/4880 ON THE DOWNSIDE.
From options data,,highest options base has been shifted to 4800 put and 5200 calls. However, as of now 4900 may act as 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.
