The followers of our blog might have noticed how accurate we were in predicting the support of 5826 in our last post; the actual support was at 5825.80 (Click here to verify)
Our outlook for the day is that the Nifty will continue to be weak during the session slipping towards the critical support of 5770 with 5809 and 5787 as intermediate supports.
The Nifty will find resistance at 5848 which if conquered conclusively might see it go up with resistances at 5869, 5882 or 5927.
Intra day traders may continue trading on the short side with strict stop loss at 5991.
Mid term investors may bid as specified in our last post..
Our outlook for the day is that the Nifty will continue to be weak during the session slipping towards the critical support of 5770 with 5809 and 5787 as intermediate supports.
The Nifty will find resistance at 5848 which if conquered conclusively might see it go up with resistances at 5869, 5882 or 5927.
Intra day traders may continue trading on the short side with strict stop loss at 5991.
Mid term investors may bid as specified in our last post..
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