The immediate support of nifty of 5210 did hold throughout the week. However, the market looks to be weak for the immediate term and stop loss for trades on long side will get triggered if the market breaks the 5210 level in which case a short term bearish trend might resume taking the market to as low as 4950. However, this being a triple witching week, chances of a surprise rally can not be ruled out in which case the immediate resistance is at 5387. In case market trades above 5387 then we may see another spike up to 5450 and then 5650.
No comments:
Post a Comment