After the US Federal Reserve's decision not to increase interest rates for the next two years gave a positive impact on Indian Stock Markets and both benchmark indices (Nifty and Sensex) closed with significant gains today.
Buying interest may be continuing if Nifty maintains to trade above 5,200 levels decisively on the other hand, if Nifty trades below 5,130 levels then selling pressure may resume again. For Intraday Tomorrow, trend deciding level is at 5,175. If Nifty shows strength above this level, then rally to 5,200-5,250-5,280 levels may be seen. On the downside if Nifty does not show strength above 5,175 levels then selling pressure till 5,120-5,085-5,030 may also be seen.
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Buying interest may be continuing if Nifty maintains to trade above 5,200 levels decisively on the other hand, if Nifty trades below 5,130 levels then selling pressure may resume again. For Intraday Tomorrow, trend deciding level is at 5,175. If Nifty shows strength above this level, then rally to 5,200-5,250-5,280 levels may be seen. On the downside if Nifty does not show strength above 5,175 levels then selling pressure till 5,120-5,085-5,030 may also be seen.
Contact for Any Query and Positions in Stocks and Commodity
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