Bribery scam rocked Indian stock market in latter part of trading yesterday.
Nifty tanked to 5835 as traders queued up to sell LIC, Central Bank, Punjab National Bank ,Bank of India , DB Reality & Money matters.
Finance ministry is quick to update that it is not a scam, but a bribery case.
Readers can get the full coverage of this story on business line
Let us see how to trade nifty today.
5877 is the market balance point for today.
Resistance for nifty is at 5915 and 5935.
Break out level is 5955.
Trading above 5955 , nifty will move to 5995, 6030 and 6065.
Support for nifty futures is 5840 and 5820.
Break and trade below 5800 is disaster for nifty and it will move
down to 5760, 5725 and 5690.
NEXT: WEEKLY OUTLOOK
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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