YESTERDAY CALL
Today nifty hit first two resistant.
STOCK MARKET TODAY
Inflation was not that much bad for the market. Nifty had a gap opening nearly 60 points and which is not filled in the trading session. Today it was a tight range trading and to my knowledge I feel it was a waiting move. FII’s were net sellers for around 400 crores. Nifty managed to close above 4440 levels but unable to stay above critical resistant 4480 levels.
STOCK MARKET TOMORROW – MY VIEW
Today nifty had a gap up opening and left unfilled, tomorrow any weak global cues may have a great impact. Still nifty, I feel, waiting for a reason to have a breakout. The critical support 4340 and resistant 4480 are important levels to be watched for any further trade.
NIFTY LEVELS
Technically a waiting patter was formed. Again I suggest visitors to buy only above 4513 levels with strict stop loss 4480.
SUP: 4440, 4370, and 4340. RES: 4480,4153,4570,4620.
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