Nifty slipped till 5,116 and recovered from this point and closed above 5,200. In coming trading sessions Nifty can bounce back to 5,300-5350 levels and 5,460 may act as major resistance in future but the overall trend remains bearish as major supports of 5,180 were broken in Intraday.
Traders and investors can start buying in small quantities in fundamentally strong companies which are at attractive valuations. Nifty still hasn`t reversed completely and so short term players should have their positions properly hedged. If Nifty moves below 5,120, then further selling can be seen towards 5000 levels in the near term.
Traders and investors can start buying in small quantities in fundamentally strong companies which are at attractive valuations. Nifty still hasn`t reversed completely and so short term players should have their positions properly hedged. If Nifty moves below 5,120, then further selling can be seen towards 5000 levels in the near term.
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