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India Equity Research Reports, IPO and Stock News
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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Watch Nifty
Ø NIFTY ended at 5360 on the positive side due strong FII inflows and it has immediate resistance at 5400 and 5435 levels. On the downside, the support for the NIFTY is seen at 5280 and 5255 levels. Technically, Markets are heavily in overbought zone. So trade cautiously as profit booking can be expected at any time.
Ø On weekly chart, NIFTY broken the downward price channel resistance level of 5290/5390 indicating that short term buying momentum. If NIFTY holds above 5400 and then 5550 is possible in near term. On the downside, the current uptrend is getting weaker only if NIFTY trades below 5190 levels.
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