Sharp 2 sessions fall after Budget and yesterday good recovery after lower levels good support above previous strong support of 5172-5200. Immediate resistances before Budget and immediate supports after Budget are as follows:-
1- Resistances between 5405-5444
2- supports between 5240-5300
Both sides moives are capped between 5240-5444 and Nifty will trade as well as between this range to prepare for next moves.
Nifty is trading between 5338-5383 since opening today and higher levels minor intraday selling patterns seen between 5370-5383. Sustaining beyond mentioned today trading range will be next moves first strong indication therefore should be firstly watched.
1- Resistances between 5405-5444
2- supports between 5240-5300
Both sides moives are capped between 5240-5444 and Nifty will trade as well as between this range to prepare for next moves.
Nifty is trading between 5338-5383 since opening today and higher levels minor intraday selling patterns seen between 5370-5383. Sustaining beyond mentioned today trading range will be next moves first strong indication therefore should be firstly watched.