YESTERDAY CALL
Nifty hit the first support but bounced back.
MARKET VIEW FOR TUESDAY
Today nifty again closed above the critical support 4655 and even tough market saw profit booking, FII’s were net buyers. Major scrip’s did not react to the market as much as they should. Today market traded in a tight range.
MARKET VIEW FOR WEDNESDAY
As FII’s were net buyers we might see an up move tomorrow and nifty too closed above the critical resistant. Would nifty have a gap opening then choose the resistant as a stoop loss accordingly and trade. I feel tomorrow nifty’s closing would be above the tomorrow’s opening.
NIFTY LEVELS.
Technically on the price chart a continuation pattern had formed to my knowledge I feel tomorrow we might see up move. I suggest visitors to stick to stop loss and trade.
SUP: 4655, 4583. RES: 4734.4828, 4870.
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