TODAY’S PERFORMANCE
Today nifty hit the stop loss.
STOCK MARKET TODAY
Nifty traded in tight range and volume was rather good. Market breath was rather negative. Nifty able to close above 4800 levels for second day but still 4828 levels was not crossed which is very important. The 4780 level remained a strong support for today.
STOCK MARKET TREND FOR THURSDAY
Tomorrow inflation and global cues will lead the market. Visitors should watch global cues for their trade. I feel there was strong buying around 4800 – 4815 levels.
FREE INTRADAY TIPS FOR NIFTY
Technically in the price chart a waiting pattern was formed and a break out may expect on either side depending upon the global cues. I suggest visitors to watch global cues for intraday trade. Again I suggest visitors to watch 4828 levels and trail the stop loss and trade. Here I give levels for both buying and selling.
NIFTY
BUY ABOVE - 4828
TARGET 1 - 4850
TARGET 2 - 4890
TARGET 3 - 4910
STOP LOSS - 4801
SELL BELOW – 4780
TARGET 1 - 4740
TARGET 2 - 4720
STOP LOSS - 4801
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