YESTERDAY CALL
Today nifty hit first three resistant and closed just below fourth resistant 4620.
MARKET VIEW FOR TODAY
Nifty crossed the critical level 4480 easily and managed to close above 4600 levels. FII’s were net buyers and market breath was tremendous but still volume was not so impressive. 4655 is the very critical resistant for further up move. Let’s see what happens tomorrow.
MARKET VIEW FOR FRIDAY
As FII’s were bought nearly 600 crores today, I feel tomorrow too this up trend will continue. However we should stick to levels and trade. To my knowledge 4655 would be another hurdle for nifty to move further.
NIFTY LEVELS
Technically in the price chart, temporarily bears had lost strength,so tomorrow we may see a up move in a tight range. I suggest buying nifty with strict stop loss 4570.
SUP: 4570, 4513, 4480. RES: 4620, 4655, 4702. STOP LOSS: 4570.
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