NIFTY FUTURE
After a remarkable rally yesterday night by US markets, expect nifty to open with a gap up.
5125 is key level to watch out today.If nifty opens above 5125 and then breaks 5097, it will play into
the hands of bears and will correct to 5050 thereby nullifying all the opening gains .5050 is strong support
for nifty . Break of 5024 though will lead to 4980.
On the other hand sustaining above 5164 with volumes, nifty will gather enough momentum to test 5200 level.
NEXT : 30% trade in 5000CE
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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