I was not able to post Nifty Levels yesterday coz of personal emergency. But Nifty behaved in the same way as was mentioned in previous post.
As mentioned in last post Since yesterday bulls were able to save 2930 so there was some hope left for today. Good news in form of low inflation numbers of 6.84% against the expected 7% helped bulls in the mid of day.
Today Nifty was able to present a good show & was able to make a sustainable show around 3050 and closed above 3050 mark at 3060. Same way for SENSEX also we were able to close a sentimental mark of 10000. But yesterday's market's behaviour says that we need a monthly closure above 10,500 mark of SENSEX so that this rally to get extended around 11,600 to 12,500 levels.
For Nifty these levels come out to around 3300. So a sustained closing above 3240 will make NIFTY look for more higher territory of 3500. Till these levels are not sustained we can see NIFTY in a close range from 2880 to 3050.
For tomorrow, Nifty will face resistance at 3105 levels. On downward side NIFTY has intraday major supports S1,S2 & S3 as 3030 , 2995 ,2960 .
As mentioned in last post Since yesterday bulls were able to save 2930 so there was some hope left for today. Good news in form of low inflation numbers of 6.84% against the expected 7% helped bulls in the mid of day.
Today Nifty was able to present a good show & was able to make a sustainable show around 3050 and closed above 3050 mark at 3060. Same way for SENSEX also we were able to close a sentimental mark of 10000. But yesterday's market's behaviour says that we need a monthly closure above 10,500 mark of SENSEX so that this rally to get extended around 11,600 to 12,500 levels.
For Nifty these levels come out to around 3300. So a sustained closing above 3240 will make NIFTY look for more higher territory of 3500. Till these levels are not sustained we can see NIFTY in a close range from 2880 to 3050.
For tomorrow, Nifty will face resistance at 3105 levels. On downward side NIFTY has intraday major supports S1,S2 & S3 as 3030 , 2995 ,2960 .
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