After two days of profit booking today it was a cheerful day for the Indian markets which traded positively and closed with broad gains on the back of buying interest in almost all sectors following supportive global cues. Nifty has made a decent come back near to the previous higher levels and technical it has moved above the middle band of the daily Bollinger Band. It is having a short term upside target(resistance) of 5,493 and 5,505 while it is getting good support at 5,408 levels for intraday tomorrow.
On an intraday basis, Nifty spot should find support near 5,424 & 5,375 level while the resistance will be at 5,500 & 5,526 level.
BSE Sensex should find support at 18,027-17940 and 18,320-18,480 may act as resistance level for tomorrow.
BSE Sensex should find support at 18,027-17940 and 18,320-18,480 may act as resistance level for tomorrow.
Post a Comment