The down trend of nifty continued for the second day of the week.As we have predicted in our last post market fluctuations were seen between 4700-4800
Market manage to move upwards after hitting its highest point of the day.Finally market settled 67 points below its opening level today.
Seeing slight upward movement today we can say that market might gain its speed to breach the level of 5000 .Tommorow the level of 4800 might prove the major support for it. Buying slightly out of the money call option could be a good idea.
NIFTY LEVELS FOR TOMMOROW
RESISTANCE1
|
4850.70
|
SUPPORT1
|
4734.50
|
RESISTANCE2
|
4890.80
|
SUPPORT2
|
4678.40
|
RESISTANCE3
|
4907.00
|
SUPPORT3
|
4593.30
|
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