By closing above 5220-5210 range Nifty still left hopes of recovery but as long as it remain below 5250 the recovery is unsustainable. Today's ECB news at 6PM may keep Nifty directionless and in recent past Nifty is closing in red on almost all Fridays. So, keeping these two points in mind it is better to settle for a range bound with in 5190-5250 for this week. However individual stocks may offer better trading possibilities.
Nifty Support Levels: 5220, 5210, 5190
Nifty Resistance Levels: 5230, 5250, 5270
Stocks to watch for Long: Crompton Greaves, HDFC, Heromotocorp
Stocks to watch for Short: Bharti (If stays below 264)
Nifty Support Levels: 5220, 5210, 5190
Nifty Resistance Levels: 5230, 5250, 5270
Stocks to watch for Long: Crompton Greaves, HDFC, Heromotocorp
Stocks to watch for Short: Bharti (If stays below 264)
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