Indian Stock Markets closed with significant gains in highly volatile session today on a positive note ahead of the RBI policy.
On Daily charts, we are observing that RSI and Stochastic are northbound. For the coming session, we can see 5030 as the immediate support and if this is broken, next support is seen at 5000-4960. On higher levels, 5130 is the immediate resistance for Nifty and any gains above these levels are likely to face stiff resistance at 5160-5200. Traders are advised to trade in small quantities and with strict stop-loss.
On Daily charts, we are observing that RSI and Stochastic are northbound. For the coming session, we can see 5030 as the immediate support and if this is broken, next support is seen at 5000-4960. On higher levels, 5130 is the immediate resistance for Nifty and any gains above these levels are likely to face stiff resistance at 5160-5200. Traders are advised to trade in small quantities and with strict stop-loss.
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