Nifty Tips
Nifty witnessed the high volatile session today & in the end made closing with marginal gain. In the upside still 5550 is the major resistance & closing above this resistance may guide the nifty future towards the level of 5700 in near run. In the downside the intraday support seems to be in the zone of 5400 to 5410. Closing below this support may slip the nifty future till the level of 5350 in near run. For trading we already recommend buy on dips until it close below 5350 for the targets of 5600,5700 in near term.
Sensex witnessed the volatile session but still holding upper levels. In the upside the next resistance zone for Sensex seems to be at the levels of 18450 to 18500. Decisive closing above this resistance zone may take up it till the level of 18800 in near run. In the downside it is getting the short term support in the zone of 17800 to 17850. Decisive closing below this support may drag it till the lower level of 17400 in near term.
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