Wednesday, 31 July 2013

Nifty View as per today's Morning session on 1st August 2013,Thursday

Nifty Today has opened with a gap.Presently Nifty is at 5803.

Its Seems this week Nifty can touch 5884. At 5884, Nifty is expected to face resistance.

Looking at the current Rupee fluctuation in the Forex Market,Nifty may turn weak after touching 5884.However if at all any positive signs are seen and Nifty closes above 5884, then Nifty can move further on the up side till 6047.

But as of now 5884 is the strong resistance.this level can be touched by tomorrow or at the most Monday.

The Nearest Strongest short term support as of now for Nifty is 5752.

Disclaimer: The Above quoted views are just an indication based on Technical Analysis and in no way suggests any trading or Investing tip.

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1 comment:

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