After a big fall in stock market on Wednesday Nifty closed at positive note green at expiry of derivative contract of November month . Technically stock market was seating at overload zone and make reversal from its low of 4632 and some good buying was there at lower level with increase in volume and open interest. Move of Nifty in such fashion would make us to rethink about the new target for upped side for the level of 4870, 4965 and 5012. And on reverse side could take support of 4700 and 4630. Few economic event around globe could support for this upside move of nifty in coming.. In today’s session, Indian volatility index , the barometer of uncertainty, zoomed and closed at an average level of 27.95 . RSI (14) for the session was at 32 levels and MACD closed below the signal line (-87), thus combined together they are giving the signals that; market may continue to witness some upside movement in forthcoming as RSI is near oversold zone.
For tomorrow's stock market the movement of nifty can be seen as the following resistance levels and support levels.
Resistance Level for Nifty tomorrow : 4797 - 4870
Support Level for Nifty tomorrow: 4723 - 4689
Buy Nifty @ 4760 TGT- 4800 & 4870 SL 4730
BUY ASANIENT @ 326 TGT-330 & 336 SL- 332
For tomorrow's stock market the movement of nifty can be seen as the following resistance levels and support levels.
Resistance Level for Nifty tomorrow : 4797 - 4870
Support Level for Nifty tomorrow: 4723 - 4689
FREE STOCK TIPS FOR TOMORROW
Get the free stock tips for tomorrow's stock market and earn a huge profit.Buy Nifty @ 4760 TGT- 4800 & 4870 SL 4730
BUY ASANIENT @ 326 TGT-330 & 336 SL- 332
