Nifty opened at 5,190.60 levels and showed volatility in 5,233.50-5,183.50 zone during the day and closed in green at levels 5,226.20 levels with 18.75 points gains. For Daily Purpose, Trend deciding level is 5,235. If Nifty shows strength above 5,235 levels, then rally to 5,270/5,300/5,350/5,400 may be seen. If Nifty does not show strength above 5,235 levels then selling pressure till 5,200/5,150/5,100 may also be seen.
On Tuesday, Nifty`s movement may depend upon RBI monetary policy. Nifty has support in 5,200-5,150 zone. Buying momentum may be continuing above 5,235 levels. On upside, Nifty may find resistance in 5,350-5,400 zone.
On Tuesday, Nifty`s movement may depend upon RBI monetary policy. Nifty has support in 5,200-5,150 zone. Buying momentum may be continuing above 5,235 levels. On upside, Nifty may find resistance in 5,350-5,400 zone.
- Accumulate Infosys with a price target of Rs 2,875 as against the current market price (CMP) of Rs 2,403.
- Buy Emami with a price target of Rs 492 as against the current market price (CMP) of Rs 435.
0 comments:
Post a Comment