Continuous buying from FII made Nifty to close at 5242.70 with a gain of 26.40 points.
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NOW, 5230 AND 5200 WILL ACT AS SUPPORT. ON THE UPSIDE, AS INDICATED YESTERDAY, 5245-50 WILL ACT AS MILD RESISTANCE. IF THE SAME IS CLEARED, 5270 AND 5287-90 WILL BE SUPPLY AREA (SELLING ZONE).
For today, WATCH 5250 LEVEL ON THE UPSIDE ABOVE WHICH NIFTY WILL TRY TO CLEAR OTHER RESISTANCE AROUND 5267 WHEREAS ON THE DOWNSIDE, BELOW 5230, 5210 AND 5190 WILL ACT AS SUPPORT. TODAY'S RELIANCE RESULT MAY AFFECT THE MARKET.
From options data (Read OI analysis page), highest options base has been shifted to 5000 & 5100 puts and 5300 & 5400 calls indicating that as of now 5100 may act as support and 5300/5340 as resistance for the series. 5400 will be strong resistance.
-->For today, WATCH 5250 LEVEL ON THE UPSIDE ABOVE WHICH NIFTY WILL TRY TO CLEAR OTHER RESISTANCE AROUND 5267 WHEREAS ON THE DOWNSIDE, BELOW 5230, 5210 AND 5190 WILL ACT AS SUPPORT. TODAY'S RELIANCE RESULT MAY AFFECT THE MARKET.
From options data (Read OI analysis page), highest options base has been shifted to 5000 & 5100 puts and 5300 & 5400 calls indicating that as of now 5100 may act as support and 5300/5340 as resistance for the series. 5400 will be strong resistance.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
"REAL-TIME NIFTY CHART" - BUY WHEN 20-MIN. EMA(GREEN LINE) CROSSES 50-MIN. EMA(RED LINE) DOWN TO UPSIDE AND VICE-VERSA. IN ADDITION, GREEN DOT INDICATES BULLISH SIGNAL AND RED DOT INDICATES BEARISH SIGNAL ON INTRA-DAY BASIS. NO NEED TO REFRESH THE PAGE REPEATEDLY. THE CHART WILL AUTO REFRESH IN EVERY 10 SECONDS. THE PAGE WILL AUTO REFRESH IN EVERY 2 MINUTES TO UPDATE ALL OTHER DATA. - 'WISH U ALL GOOD LUCK' - JAY.
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