On a daily basis, the trend deciding level for Nifty is 6,000-6,020. If Nifty shows strength above 6,020 levels, then rally to 6,050-6,075/6,100 levels may be seen. If Nifty does not show strength above 6,000 levels then selling pressure till 5,950/5,900 levels may also be seen.
However, Nifty's Sept future expiry due on Thursday, so volatility may be seen in tomorrow trading session. Nifty's short term trend is up and intraday trend is down. Momentum may remain on downside as long as Nifty trades below 6,020 levels. On an Intraday basis SENSEX may find support at 19,850-19,700 levels on downside, and resistance would be 20,268-20,320.
However, Nifty's Sept future expiry due on Thursday, so volatility may be seen in tomorrow trading session. Nifty's short term trend is up and intraday trend is down. Momentum may remain on downside as long as Nifty trades below 6,020 levels. On an Intraday basis SENSEX may find support at 19,850-19,700 levels on downside, and resistance would be 20,268-20,320.
Post a Comment