Nifty has 5400-5348 support level
and 5609 resistance level.
and 5530 is the crucial intraday level for Nifty.
it is going to be a F&O expiry week and thus one can see short covering occurring in the market if the level of 5400 is maintained. If Nifty 5400 level is broken, than one can short the Nifty for it to fall to the level of 5340 where Nifty will get requisite support for a bounce back.
Technical View For short Term Basis:
level 5550 is crucial. If it sustains below this level, then it is likely to test 4700. Instead, if it trades above 5550, then it is likely to test 5930.
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and 5609 resistance level.
and 5530 is the crucial intraday level for Nifty.
it is going to be a F&O expiry week and thus one can see short covering occurring in the market if the level of 5400 is maintained. If Nifty 5400 level is broken, than one can short the Nifty for it to fall to the level of 5340 where Nifty will get requisite support for a bounce back.
Technical View For short Term Basis:
level 5550 is crucial. If it sustains below this level, then it is likely to test 4700. Instead, if it trades above 5550, then it is likely to test 5930.
Subscribe For Free Market tips Click: Nifty Tips
