NIFTY RANGE BOUND: 5635-5751,
BREAK OUT WILL SHOW FURTHER MOVEMENT
The
NSE Nifty spot closed at 5664 down by approx 0.7% in the weekend with little
bit of selling pressure in the major index stocks. It is seen from some couple
of days in nifty spot, the index is trading between in a perticular range bound
i.e. 5635 to 5751 levels. In technical, major lower indicators are showing
negative diversion but showing sell signal. Major support are at 5635 and 5613
for today and major resistance is at 5751 for this week. Intraday traders are advised
to buy on deeps, nearer to 5600 level.
Happy
Trading !!
Megha
Investments & Research Team
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