TODAY’S PERFORMANCE
Today nifty hit first resistant.
STOCK MARKET TODAY
Nifty corrected in the morning and managed to close just above the resistant 4655 levels. FII’s were net sellers for nearly 250 crores. Volume was not that much impressive and market breath was 50:50. I thought nifty would close below its opening, but had not happened and was wrong. However the gap that had made yesterday had filled.
STOCK MARKET TREND FOR WEDNESSDAY
Global cues will lead the market. Market breath shows a situation like cat on the wall. To my knowledge I feel tomorrow we may see a tight range possibly negative. Let’s see what happens tomorrow.
FREE DAY TRADING TIPS FOR NIFTY
Technically, I feel, in the price chart a mild break had applied for the up move. For tomorrow I suggest visitors to be care full at higher levels. Would global markets seem to be negative then nifty would trade in negative region.
SUP: 4620, 4570, and 4540. RES: 4670, 4734, 4828. STOP LOSS: 4570
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