TODAY'S PERFORMANCE
Today nifty hit the first support.
STOCK MARKET TODAY
Nifty traded in a tight range with rather good volume. Market breath remained as same as yesterday. I thought that expiry would lead to a mild correction and I was wrong. Today too it was a waiting move.
STOCK MARKET TREND FOR FRIDAY
For past four trading sessions nifty remains above 4620 levels which very positive for market. For past three trading sessions nifty was trading in sideways. I am expecting a breakout possibly it might happen tomorrow too. As for as breakout direction concerned, I feel, would nifty breakout downside, then healthy mild Bull Run could be seen in future. Let’s watch what happens tomorrow.
FREE DAY TRADING TIPS FOR NIFTY
Technically in the price chart a sideways pattern was formed and we may expect breakout tomorrow. I feel the breakout direction would depend on the global cues. I suggest visitors to watch the 4734 level breakout for buying and 4620 level for selling.
SUP: 4670, 4620, and 4570. RES: 4734, 4770, 4828.
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