Nifty continue the up trend today & in the end made the good closing. Today it closed at 5,565.05 with +23.80 or 0.43% in percentage. The next key resistance for it seems to be at the level of 5610.
Decisive closing above this resistance may guide it towards the levels of 5630 to 5660 in short run. In the downside the intra day support seems to be at the level of 5450 to 5500. Closing below this support may slip it till the lower levels of 5370 to 5400 in short run.
For trading we already recommend that every decline in nifty future is the buying opportunity until it close below 5565 for the targets of 5610, 5650 in near run.
Nifty trend:
Sensex made the not too strong upmoves today but although it closed with a green signal, Today it closed at 18,584.96 with +72.19 or 0.39% in the end closed very close to days high. Now it is looking to conitue the up trend for some more time.
The next resistance seems to be at the levels of 18610 to 18650. Decisive closing above this resistance zone may lead it towards the level of 18800 in near run.
Decisive closing above this resistance may guide it towards the levels of 5630 to 5660 in short run. In the downside the intra day support seems to be at the level of 5450 to 5500. Closing below this support may slip it till the lower levels of 5370 to 5400 in short run.
For trading we already recommend that every decline in nifty future is the buying opportunity until it close below 5565 for the targets of 5610, 5650 in near run.
Nifty trend:
Sensex made the not too strong upmoves today but although it closed with a green signal, Today it closed at 18,584.96 with +72.19 or 0.39% in the end closed very close to days high. Now it is looking to conitue the up trend for some more time.
The next resistance seems to be at the levels of 18610 to 18650. Decisive closing above this resistance zone may lead it towards the level of 18800 in near run.
The stock Recommendation for Tomorrow-
stocks to Buy- Wipro, Surya Roshni Ltd., Federal Bank Ltd., bhushan steel,,,,,
stocks to Buy- Wipro, Surya Roshni Ltd., Federal Bank Ltd., bhushan steel,,,,,
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