Spot Nifty should open and sustain at least above 5840 in the
Monrning. Nifty hurdle is at 5865. as usual Spot Nifty will face
the first strong resistance at 5920.If Spot Nifty able to cross
5920 and can sustain for some time then fresh buying will take
the spot nifty at 5950-5970-6010 levels.Otherwise, if spot nifty
could not sustain 5840 in the opening bell, then profit booking
can bring the spot nifty down up to 5800 at first. and breaking
of 5800 (panic level), which is considered to be a strongest
support for the time being, may pull the spot nifty down as
such 5760-5705-5660 levels.
CAclubindia
