Markets witnessed handsome gains today with almost all sectoral indices closed in green. Both benchmark indices (Nifty and Sensex) set approx 1.30% gains. Nifty has some resistance at 5,450 levels. Buying momentum may be continuing above 5,450 levels. On the other hand, if Nifty does not maintain above 5,450 levels then profit booking may also be seen. Rail Budget, RBI Policy and Union Budget events are due in next three days. Therefore, volatility may be seen for 3 days.
For intraday trading tomorrow, trend deciding level is 5,450. If Nifty shows strength above 5,450 levels, then rally to 5,500-5,560-5,600 may be seen. If Nifty does not show strength above 5,450 levels then selling pressure till 5,380-5,350-5,270 may also be seen.
For any query and position in stocks ASK 2 EXPERT
For any query and position in stocks ASK 2 EXPERT
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