Nifty Futures
Yesterday, Nifty opened with a gap on the upside and ended the day with a gain of 93 points around 4,966. All the sectoral indices closed in green. The BSE FMCG and Metal indices were up the most.
As Nifty has crossed the level of 4,908 in opening itself and staged further upside throughout the session to conclude the day with a gain of 93 points at 4966. The present momentum may ensure higher levels and Nifty is expected to test the level of 5,000 and above that 5,035 is possible.
On the downside, the range of 4,900 to 4,885 would be support in the immediate term, whereas the level of 4,820 would serve as a critical level below which the recent uptrend may reverse. Till the time Nifty trades below 4,820 the upsides may remain open even beyond 5,035, however the level of 5,035 would serve a resistance for next couple of sessions.
Yesterday, Nifty opened with a gap on the upside and ended the day with a gain of 93 points around 4,966. All the sectoral indices closed in green. The BSE FMCG and Metal indices were up the most.
As Nifty has crossed the level of 4,908 in opening itself and staged further upside throughout the session to conclude the day with a gain of 93 points at 4966. The present momentum may ensure higher levels and Nifty is expected to test the level of 5,000 and above that 5,035 is possible.
On the downside, the range of 4,900 to 4,885 would be support in the immediate term, whereas the level of 4,820 would serve as a critical level below which the recent uptrend may reverse. Till the time Nifty trades below 4,820 the upsides may remain open even beyond 5,035, however the level of 5,035 would serve a resistance for next couple of sessions.
Click Here to get all Stock tips Tomorrow, nifty tomorrow, nifty future tips, options tips, f&o tips.
