NIFTY SPOT SUPPORTS AT 5397: NOW WHAT NEXT ?
Nifty spot closed at 5415, which is above the major support level at 5397 with normal volume. Intraday traders can buy nifty future with the support of 5397 nifty spot. Nifty is now have a open garden till 5600 level until it doesn't break and close below 5397 with normal volume. On the other hand, stochastic is trying to maintain up trend which shows how stochastic is struggling to make bullish trend. MACD is making zig-zag pattern, first time in a year, which is not seriously giving any trend. If we look in to the support and resistances, support is defined whereas resistance will be at 5448 for next trading session.
Happy Trading !!
Megha Investments & Research Team
