YESTERDAY CALL
As I said nifty closed above today’s opening. Nifty hit all resistant levels.
MARKET VIEW FOR TODAY
Today market reacted for global cues and FM’s speech and short covering made nifty to move up. Nifty broke important support 4116 level but unable to close above this level, this should keep in mind. Technically I feel this is a pull back rally and might be the expectation of Q1 results.
MARKET VIEW FOR WEDNESSDAY
Tomorrow I expect nifty to trade in a tight range and in a positive range. I feel the Q1 results and monsoon factor are the next market expectation and both turned to be good. Visitors keep in mind the gap has not yet filled any bad news can trigger down move so stick to levels and trade. Let’s see what happens tomorrow.
FREE INTRADAY TIPS
NIFTY LEVELS
Technically in the price chart a bullish pattern was formed but not a trend reversal so we may see a slight up move from this level. Tomorrow I feel nifty will trade in tight range and higher levels some selling pressure might be seen and only if nifty breaks 4116 level with volume we can buy nifty.
SUP: 4074, 4038, 4008, and 3985. RES: 4116, 4161, 4202.
Thanks for visiting!