Nifty hovering around 5400 last week. Today it may open above 5400 but may face resistance at 5420 and 5450. August FnO series seems to end below 5500.
As long as Nifty stay above 5400 today we can expect 5420 to 5450 range. On the down side supports are place at 5370 and 5350. Sustained break below 5345 may invite bigger correction and sustained break above 5450 will confirm the rally towards 5500-600 range.
As long as Nifty stay above 5400 today we can expect 5420 to 5450 range. On the down side supports are place at 5370 and 5350. Sustained break below 5345 may invite bigger correction and sustained break above 5450 will confirm the rally towards 5500-600 range.
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