It was another sluggish trading session for Indian Stock Market Today. Nifty again opened gap down at 4947.90, down 170 points from last closing day on weak global cues. Nifty made an immediately intraday low near the opening price at 4946.45 after which the buying interest was seen that pulled it towards the high of 5167 levels. But by the end it finally closed at 5072.85 with 0.89% loss.
On Nifty Intraday charts, we are observing that the momentum indicator RSI is still in the oversold region. For intraday tomorrow 5040 is the immediate support for Nifty and if this is broken then, next support may be seen at 5000-4960. On higher levels, 5120 is the immediate resistance for Nifty and any gains above these levels may lead it towards 5160-5200.
On Nifty Intraday charts, we are observing that the momentum indicator RSI is still in the oversold region. For intraday tomorrow 5040 is the immediate support for Nifty and if this is broken then, next support may be seen at 5000-4960. On higher levels, 5120 is the immediate resistance for Nifty and any gains above these levels may lead it towards 5160-5200.
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