The NIFTY opened the session with nominal gains and remained range bound throughout the day’s trade.
The 5520—5490 was the narrow trading range for the NIFTY during yesterday’s session.
The NIFTY registered an intraday low of 5484.20 levels.
The NIFTY finally closed the session at the 5500.50 levels with a nominal gain of 18 points.
It was another flat and lack lustre session of trade wherein the NIFTY traded within a narrow range of 5520—5490 levels for the entire session.
We maintain that the NIFTY would remain within the broad trading range of 5450—5600 levels if the NIFTY holds on to the support levels of 5425—5450 levels.
A bearish view can be taken only if the NIFTY closes below the 5425 levels on the downside.
The key moving average clusters placed between the 5520—5550 levels will act as stiff resistance for the NIFTY on the upside.
We booked full profits on our intraday Short call given on Hindalco Ltd @ 178.65 levels. (Initiated @180.35 levels).
The recommendation fetched an intraday gain of Rs 3400/- per lot to the subscribers of our roduct Intraday calls section.
We recommend subscribing to our product Intraday Calls section to avail such profitable Intraday calls.
No comments:
Post a Comment