AS INDICATED ON WEDNESDAY, NIFTY FACED RESISTANCE AROUND 5179, MADE A HIGH OF 5174.15. HOWEVER, DUE TO REPUBLIC DAY, INDIAN MARKET WAS CLOSED ON THURSDAY AND SGX NIFTY MOVED ABOVE 5205 LEVEL AND CURRENTLY TRADING ABOVE 200 DMA LEVEL.
FOR TODAY, WE MAY SEE A GAP UP OPENING. IF IN ANY CASE, NIFTY TRADES ABOVE 5221-24 AND STAY ABOVE THAT LEVEL, OUR NEXT TARGET WILL BE 5400. HOWEVER, CAUTION IS NEEDED SINCE IT IS TRADING NEAR OVERBOUGHT ZONE. SUPPORT IS AT 5177/5131 LEVEL.
LIVE TRADING CALLS DURING TRADING HOURS FROM VARIOUS BROKING HOUSES: CHECK HERE
DISCLAIMER: NO HOLDING
DISCLAIMER: NO HOLDING
