Nifty Trading Strategy For 02-Dec

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It was cheerful day for Indian Stock Markets. Nifty witnessed a good strength via gap up opening, however, profit booking was also seen from higher levels. Nifty has resistance zone at 4,980-5,025 levels and further buying strength may be seen if Nifty manages to sustain above 5,025 levels. On the downside, Nifty has some support in 4,900- 4,850 zone. 

For intraday trading tomorrow 02-DEC, trend deciding level is 4,950. If Nifty manages to trade above 4,950 levels, then rally to 4,980-5,025-5,060 may be seen. On the other side if Nifty does not show strength above 4,950 levels then selling pressure till 4,900-4,850 may also be seen.

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