Reposted about 111 days 5 hrs 16 min 32 sec ago by ploved
Looks like spring’s already here for the markets! Indian bourses ended a volatile session on a high yesterday. The Nifty gained 35 points while the Sensex gained over 100 points. How is trade likely to be today? Let’s check out the cues:
NIFYT FUT closed flat after a gap up an some intraday consolidation. Long players now only should look for Longs in Dips or the clear break out of 5405 zone, where NIFTY FUT faces immediate resistance. If NIFTY FUT still manages to cross that zone further upside upto 5430,5450 zone is possible. Downside support now emerges at 5330-35 zone, breaking of that may lead to retest of 5285-95 levels
POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5405 sustaining above which it will target 5430,above that 5455
POWERTRADE TREND DECIDER OF THE DAY ------- 5430-35
POWERTRADE BULLS LAST STAND POINT OF THE DAY -------5285-95
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ----5270,5240