YESTERDAY CALL
Today nifty hit all the supports.
MARKET VIEW FOR TODAY
Today market took downside breakout which I didn’t expect. The critical supports 4655and 4583 had broken and volume also increased but managed to close just above the 4583levels. In addition FII’s were net sellers and yesterday too they were sellers. I feel as FII’s were buyers for past few sessions today they might have booked some profits.
MARKET VIEW FOR FRIDAY
For past two days FII’s were net sellers tomorrow might we see some selling pressure at higher levels. To my knowledge tomorrow market may be mixed because FII’s were net sellers for past two days we can also see some pullback. I do not suggest visitors either buy or sell for tomorrow but I give the levels.
NIFTY LEVELS
SUP: 4565, 4513, and 4480. RES: 4583, 4655, 4734.
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