Markets in rocking mood. Yetsrerday almost all stocks like Tech Mahind, Rolta, Satyam, Mindtree, I-Flex, Naukri, KLG, CMC, GAIL, Polaris, Titan, RPL, and Essar Oil. But the star was Tech Mahindra.
Once again Nifty resistance given by us was 4954 and it reversed from 4952, it seems that market has made a habit of reversing from our resistance levels !!!
Today Nifty will open with a gap, but once again it will be important to close above 4951. Inflation figure to be announced at noon will make the market choppy. If inflation comes lower then expected, the current rally to gain further strength and momentum.
SENSEX RESISTANCE AT 16315-16397-16452-16613. SUPPORT AT 16148-16099-15829.
NIFTY RESISTANCE AT 4939-4951-4971-5019-5036. SUPPORT AT 4874-4857-4791-4761.
Once again Nifty resistance given by us was 4954 and it reversed from 4952, it seems that market has made a habit of reversing from our resistance levels !!!
Today Nifty will open with a gap, but once again it will be important to close above 4951. Inflation figure to be announced at noon will make the market choppy. If inflation comes lower then expected, the current rally to gain further strength and momentum.
SENSEX RESISTANCE AT 16315-16397-16452-16613. SUPPORT AT 16148-16099-15829.
NIFTY RESISTANCE AT 4939-4951-4971-5019-5036. SUPPORT AT 4874-4857-4791-4761.
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