The Nifty fell short of its resistance at 5660 yesterday due to lack of commitment at higher levels. It might open a bit weak today and may may find support at 5576 below which the supports are at 5528 and 5490. The breakout into a new range can only be confirmed after a few more trading sessions. However, it will be bullish and may aim again for 5660 only if it trades above 5618 consistently, the immediate resistance being 5627.
No comments:
Post a Comment