NIFTY TODAY
Nevertheless expiry day nifty had a good rally. Volume was encouraging. FII’s are still buying. They had bought for 653 crores. Technically a bullish pattern had formed in the price chart. Today in intraday price chart nifty had formed a good bottom and around 2.30 pm an upside break out had happened. Nifty has a strong support around 5220 levels. Nifty closed at a very strong resistant level 5260.
NIFTY TOMORROW
Technically in the price chart a bullish pattern had formed and in my perspective I feel there would be an upside breakout tomorrow. For tomorrow trade these 5260 levels should be watched carefully for any long. Would nifty can sustain above this 5260 level then long position advisable above 5270 levels and we may expect nifty to trade around 5300 levels.
SUP: 5260, 5245, and 5220. RES: 5288, 5301, 5327.

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