20 April 2013


Nifty opened at 5683 managed to cross 5700 soon and also touched a high of 5790 in intraday trade. The opening level 5682 was the lowest point of the day. The index, after a strong rally to 5732 early on in the day, ended flat since there had been considerable selling pressure at levels above the 5700-mark....
 In case, there is any recovery and the index gets past 5750, then it would face major supply pressure between 5780 and 5800, only if it manages to get past 5795 decisively, then a test of 5800 or higher levels of 5820 and 5830 can be witnessed.
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RESISTANCE:5750,5790, 5810
SUPPORT:     5700, 5670, 5650

1 comment:

  1. It was a informatory post and it has a significant meaning , thanks for sharing the information.
    Would love to read your next post too…….
    Nifty Outlook