As expected nifty opened weak with a small gap down and in no time came to the positive region. In the first half of the session nifty was trading sideways and in the second half moved up and tested 3000 mark couple of times and closed around our first resistance level of 2979.
On Friday the US market closed positive with their indices around 2-3% up. Asian markets have opened and trading mixed. Our market may open flat or in line with Asian markets.
On the upper side nifty may find resistance near 3035 or 3098 levels. Similarly on the lower side support exists near 2925 or 2863 levels. Breaching of either of our first resistance or support level may make nifty to move in the direction in which it had breached its support or resistance. Today will be important day in the sense in deciding the future course of the market at least for this week.
Happy Trading !
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment