In the coming trading days, Nifty is expected to test the lower levels of 4630 and 4540 levels if it trades below of Rs 4720 levels. If Nifty Fails to hold these levels nifty will make a strong case for heavy selling in the market. In that case, 4400 levels is not ruled out.
On the upside, 4800 continues to be the critical resistance for the market. If Nifty breaks this level then this may lead to higher levels of 4850 and 4950. Reversal level for market stands at 4800 levels. FMCG and Pharma remain the preferred picks on long side. It is advisable to refrain from metals and power.
On the upside, 4800 continues to be the critical resistance for the market. If Nifty breaks this level then this may lead to higher levels of 4850 and 4950. Reversal level for market stands at 4800 levels. FMCG and Pharma remain the preferred picks on long side. It is advisable to refrain from metals and power.
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