Nifty recovered in today’s session and closed with significant gains besides re-conquering the vital 4800 level.
1. Level wise, closing above the vital 4800 levels will support buyers’ sentiments in forthcoming session.
2. Broader market witnessed buying across the segments but despite buying in Large Cap, small cap and midcap, bears outnumbered the bulls again, with a slender margin.
3. In today’s session, despite a recovery and positive closing, Nifty remained below its vital 9, 14, 50 & 100 day’s SMA placed at 5006, 5102, 5053 & 5194.
4. VIX, the barometer of uncertainty, corrected significantly but closed at a higher than average level of 27.35, indicating a more than average volatility in market in the forthcoming sessions.
5. RSI (14) for the session was at 32.64 levels and MACD closed below the signal line.
6.Market may continue to witness some range bound movements in forthcoming session amidst higher volatility
NIFTY LEVEL
R1-4852
R2-4920
S1-4741
S2-4700
FREE STOCK TIPS FOR TODAY
BUY COAL INDIA @ 303 TGT-307 & 311 SL- 300
SHORT BANKINDIA @ 335 TGT- 330 & 325 SL- 338
1. Level wise, closing above the vital 4800 levels will support buyers’ sentiments in forthcoming session.
2. Broader market witnessed buying across the segments but despite buying in Large Cap, small cap and midcap, bears outnumbered the bulls again, with a slender margin.
3. In today’s session, despite a recovery and positive closing, Nifty remained below its vital 9, 14, 50 & 100 day’s SMA placed at 5006, 5102, 5053 & 5194.
4. VIX, the barometer of uncertainty, corrected significantly but closed at a higher than average level of 27.35, indicating a more than average volatility in market in the forthcoming sessions.
5. RSI (14) for the session was at 32.64 levels and MACD closed below the signal line.
6.Market may continue to witness some range bound movements in forthcoming session amidst higher volatility
NIFTY LEVEL
R1-4852
R2-4920
S1-4741
S2-4700
FREE STOCK TIPS FOR TODAY
BUY COAL INDIA @ 303 TGT-307 & 311 SL- 300
SHORT BANKINDIA @ 335 TGT- 330 & 325 SL- 338
