TODAY’S PERFORMANCE
Today nifty hit the first two resistant.
STOCK MARKET TODAY
Nifty had a gap up opening and it was left unfilled. It closed above the important resistant 4620. FII’s were net buyers for nearly 700 crores. I feel volume was not much good. Market breath was positive with 47 advances. The global cues contributed for today’s nifty up move feel so.
STOCK MARKET TREND FOR TUESDAY
For tomorrow’s trade we should watch out for global cues, news about monsoon and drought and trade accordingly sticking to levels. As today nifty had a gap up opening nearly 60 points and left unfilled, any negative news may trigger the down move to fill the gap that had made today.
FREE DAYTRADING TIPS FOR NIFTY
Technically a bullish pattern was formed. However for tomorrow trade, I feel, nifty might trade in a tight range, possibly in negative region. As volume was low and gap made that had left unfilled we should be cautious at higher levels. Possibly I think tomorrow nifty might close below from its opening levels. I suggest visitors to watch out global cues, news about drought, monsoon and trade accordingly with strict stop loss.
SUP: 4570, 4513, and 4480. RES: 4655, 4734, 4828. STOP LOSS: 4570.
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