If the market trades below 5853 which is thr immediate resistance, then the market will remain weak with supports at 5824 & then at 5798, 5764 & 5668.
On the flip side resistance is at 5875 which if conquered may see it face further resistances at 5888, 5943 & 5978.
Intraday and short term traders may trade according to which side of 5853 mark nifty trades with stop loss for longs at 5824 & for shorts at 5875.
Mid term investors may consider buying Hind Zinc at 125.60 in small quantity.
On the flip side resistance is at 5875 which if conquered may see it face further resistances at 5888, 5943 & 5978.
Intraday and short term traders may trade according to which side of 5853 mark nifty trades with stop loss for longs at 5824 & for shorts at 5875.
Mid term investors may consider buying Hind Zinc at 125.60 in small quantity.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.
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