It was a very good start in Indian Stock Market. Today market witnessed a good recovery and broken the important resistance level of 5,880 and psychological resistance level of 5,900 too, closed at 5,907.
For Intraday tomorrow Nifty has immediate resistance at 5,930 levels, if it trades above this level then it may seen rally to 6,065, 6090 levels. On the down side support for the Nifty will be at 5,860 and 5,832. As the major technical indicators are still in the negative territory, we may see more volatile movements in the days to come. The market is expected to remain volatile, however long term trend is up. The market is expected to consolidate around current level.
Post a Comment