US markets closed positive yesterday and most Asian markets are responding it with Green zone trading therefore sentiment is positive today morning. Expected that Nifty will first trade between 5390-5430 after Green opening. As next resistance(5422-5444) is strong therefore more consolidation is required for next rally.
No indication of down moves yesterday and rally also expected and expected that Nifty will consolidate below or near about mentioned resistance range in the coming sessions and after that rally will be seen in the coming week. Expected that Nifty will firstly hover around 5400 and after some more consolidations 5444 will be crossed in the coming week. Next resistance range(5422-5444) crossing will mean strong rally..
No indication of down moves yesterday and rally also expected and expected that Nifty will consolidate below or near about mentioned resistance range in the coming sessions and after that rally will be seen in the coming week. Expected that Nifty will firstly hover around 5400 and after some more consolidations 5444 will be crossed in the coming week. Next resistance range(5422-5444) crossing will mean strong rally..