Nifty closed at 5248.15 (gained 39.15 points) on Monday. Tuesday, Indian markets were closed.
The daily chart of Nifty is showing that it has been moving in the narrow band of 5130 and 5350 since last couple of weeks. Now it is expected that this range bound movement may continue for another few days.
For today, WATCH 5250/67 CAREFULLY. ABOVE THIS, NIFTY MAY MOVE TOWARDS 5278/5289/5300 ON THE UP SIDE WHEREAS BREAKING 5231 AND 5227 NIFTY MAY HIT 5200 AND 5184 ON THE DOWNSIDE.
The daily chart of Nifty is showing that it has been moving in the narrow band of 5130 and 5350 since last couple of weeks. Now it is expected that this range bound movement may continue for another few days.
For today, WATCH 5250/67 CAREFULLY. ABOVE THIS, NIFTY MAY MOVE TOWARDS 5278/5289/5300 ON THE UP SIDE WHEREAS BREAKING 5231 AND 5227 NIFTY MAY HIT 5200 AND 5184 ON THE DOWNSIDE.
From options data,,highest options base has been shifted to 5100 put and 5600 calls. However, as of now 5300 and 5400 will act as resistance.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
