US and European futures are more than 1% down and most Asian markets are trading near about 1% negative today morning. Sentiment is dampened therefore weak opening will be seen in Indian markets. Next supports are as follows:-
1- 5175-5236(strong supports)
2- 5136-5160
Next Resistances are as follows:-
1- 5326-5337
2- 5360-5377(strong resistance)
Nifty will firstly trade between 5236-5326 today and prepare for next immediate moves. Finally sustaining beyond 5136-5377 will be next decisive trend confirmations and expected that Nifty will remain sideways within mentioned range(5136-5377) in the coming sessions.
1- 5175-5236(strong supports)
2- 5136-5160
Next Resistances are as follows:-
1- 5326-5337
2- 5360-5377(strong resistance)
Nifty will firstly trade between 5236-5326 today and prepare for next immediate moves. Finally sustaining beyond 5136-5377 will be next decisive trend confirmations and expected that Nifty will remain sideways within mentioned range(5136-5377) in the coming sessions.