The Nifty is exhibiting lack of commitment at higher levels and closed a shade below the tipping point which is at 5603. Below this the Nifty may weaken with supports at 5575, 5527 and then 5452. However, if Nifty trades above the 5602 mark in the opening moves, then it may show a bullish surge today. The resistance remains at 5628 and then 5660. However the outlook continues to be consolidation with an upward bias even if it weakens a bit.
No comments:
Post a Comment