Nifty will have strong support today at 5128.
Trading above 5128 will take nifty to 5166.
5176 is break out point for the day. If 5176 is crossed with volumes, nifty future
will move to 5189, 5202 and 5215.
On the other hand trading below 5113 will make nifty weak and will move to 5099,
5082 and 5065.
BANK NIFTY
Yesterday;s close of 9184 will be strong support region for Bank Nifty today.
Trading above 9184 with volumes BNF will move to 9240.
Crossing and trading above 9260 will make BNF extremely positive and open up targets
of 9295, 9330, 9365.
Only if BNF breaks yesterday's low of 9110 it wil turn weak .
If that happens, BNF will fall to 9075 and 9000 after retracing to 9149.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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