As we predicted
level 4800 acted as a hurdle for the market. Today market opened at 4749.00
made a high of 4775 points and again dropped to settle at 4749.90 points.
The market is
expected to take cues from the global market and may open on flat note. Market
is likely to take another rally of 40-50 points tomorrow.
Trading above 4800
would extend the bullish trend towards 4850 where as at lower side 4670-4700
would act as major support zone.
One can write nifty
4700 put option around 88-90 with SL of 30 points.
NIFTY LEVELS FOR TOMORROW
RESISTANCE1
|
4772.53
|
SUPPORT1
|
4729.77
|
RESISTANCE2
|
4795.77
|
SUPPORT2
|
4709.32
|
RESISTANCE3
|
4838.92
|
SUPPORT3
|
4666.44
|