It was a cheerful start for the Indian stock markets. Both benchmark indices (Nifty and Sensex) opened gap up on positive global cues and witnessed early gains for the whole session. Nifty managed to close above a crucial psychological level of 4900 which indicates that market bulls trend in coming sessions.
For intraday trading tomorrow, 4865 is the immediate support for Nifty and if this is broken, next support is seen at 4830-4800. On the upside, 4955 is the immediate resistance for Nifty and any gains above these levels are likely to face strong resistance at 5000-5050.
For intraday trading tomorrow, 4865 is the immediate support for Nifty and if this is broken, next support is seen at 4830-4800. On the upside, 4955 is the immediate resistance for Nifty and any gains above these levels are likely to face strong resistance at 5000-5050.
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