Nifty witnessed profit-booking from higher levels and was unable to sustain above 4,980 level today. For Nifty Today Intraday support was seen at 4,920 level. Short term trend is positive, however, medium term trend continues to be weak.
For intraday trading tomorrow, trend deciding level is at 4,968. If Nifty shows strength above this level, then rally to 5,010-5,050-5,080 may be seen. On the downside if Nifty does not show strength above 4968 level then selling pressure till 4,900-4,855 may also be seen.
For intraday trading tomorrow, trend deciding level is at 4,968. If Nifty shows strength above this level, then rally to 5,010-5,050-5,080 may be seen. On the downside if Nifty does not show strength above 4968 level then selling pressure till 4,900-4,855 may also be seen.
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