The mood remained optimistic after Friday`s rally of 2.8% with Nifty having a neutral opening today. Value buying in index heavyweights Reliance and Infosys enabled Nifty to hold on to the gains till the close of the session. Nifty closed at high point of the day with gains of over 2% at 4,989.
Today Nifty closed above the crucial resistance of 4,955 and is having next resistance at 4,999 above it can move towards 5,026-5,050 while the support is there at 4,955 and 4,911 levels.
Good support exists at 4,700 level, below which Nifty is likely to test the levels of 4,675 and then 4,600-4,580 levels. On upside level of 5,200 is acting as a strong resistance.
Today Nifty closed above the crucial resistance of 4,955 and is having next resistance at 4,999 above it can move towards 5,026-5,050 while the support is there at 4,955 and 4,911 levels.
Good support exists at 4,700 level, below which Nifty is likely to test the levels of 4,675 and then 4,600-4,580 levels. On upside level of 5,200 is acting as a strong resistance.
0 comments:
Post a Comment