Thursday’s bullish trading session has
ended on positive note. In the morning market opened on positive note but
turned choppy as traders rushed to book profit in recent gainers. Meanwhile,
the rupee's gains against the US dollar boosted sentiments. The Sensex ended 89
points higher at 36725 while Nifty settled marginally higher at 11058.
More about intraday tips on Google +
Volatility is expected to increase in
coming sessions as the country is heading towards the general election. Still
there is lot of uncertainty regarding the trade deal between the US and China.
Hence traders are advised to hedge their positions given the uncertainty and volatility due to domestic and global factors. Nifty has reached closer to the
immediate and crucial hurdle of 11200, and a decisive breakout will trigger
fresh surge ahead. We suggest maintaining positive yet cautious approach in the
nifty, considering the mixed sentiment.
Traders should focus more on the money
management aspects and avoid taking unnecessary risk. The 11200 and 11250 levels may act as immediate resistance levels for
Nifty, while supports may come in at 11000 and 10900 levels.More about intraday tips on Google +
Resistance: 11200, 11235, 11265
Support: 11000, 10900, 10800
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