It was good trading session for Indian stock markets. Both benchmark indices closed with significant gains today as IT and banking being the biggest gainers.
In Nifty daily charts, we are observing the up-sloping trend line. For the next trading session, we can see 5100 as the immediate support level and if this is broken, then next support is seen at 5060-5025. On higher levels, 5180 is the immediate resistance for Nifty and any gains above these levels are likely to face stiff resistance at 5220-5250.
In Nifty daily charts, we are observing the up-sloping trend line. For the next trading session, we can see 5100 as the immediate support level and if this is broken, then next support is seen at 5060-5025. On higher levels, 5180 is the immediate resistance for Nifty and any gains above these levels are likely to face stiff resistance at 5220-5250.
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