The support for Nifty is at 5,100 levels and the resistance now at 5400 levels. Nifty is trading in 5,150-5,250 zone and Nifty also has good support at 5,120 levels. Until, decisive breakout or breakdown occurs, volatility may be continuing in this zone. Directional price movement may be seen if Nifty decisively maintain above 5,250 or below 5,150-5,120 zone. Traders should be cautious in this zone. Traders should be cautious.
In the near term, Nifty (spot) has resistance at 5,450 and supports lie at 5,130 levels. The bias is positive.
In the near term, Nifty (spot) has resistance at 5,450 and supports lie at 5,130 levels. The bias is positive.
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