The immediate support for today is at 5426. However, as long as the Nifty stays above the 5409 mark, it will remain bullish.
Intra-day traders may trade long with strict stop loss at 5372. Below 5372 however, one may play on the short side, again with strict stop loss at 5412.
In case if the benchmark index stays above 5409, then the immediate resistance is at 5455 and then at 5481, 5499, 5550 and 5640.
On the flip side, the supports are at 5426, 5409, 5372 and if these are breached then 5357, 5367 and 5216.
Short-term traders may short the Nifty at higher levels with stop loss around 5721.
Mid-term investors may bid Hindustan Zinc at 117.4 and 107.35 in small quantities.
No comments:
Post a Comment