Courtesy :- FREE INTRADAY TIPS
We witnessed a respite from the selling of the earlier day as Nifty opened positive in the morning but it swiftly drifted in the red. It witnessed a dramatic recovery after a while and ended with a gain of 40 points at 5303. Going forward the low formed in today’s session will act as a support for Nifty. Should it sustain above 5233 then it may attempt to scale higher till 5350 and beyond that the level of 5416 would now act as a stiff resistance for Nifty. 28th being the day of Union budget there are chances that the volatility would be higher than normal. A breach of 5400 on the upside can render further strength to the market which may take it higher to 5520 or so in a short span of couple of days. Alternatively a breach of 5233 would be bearish and drag the index down well below 5177 to 5050 and lower. Nifty Intraday Tips
Source :- https://freecashmarkettips.blogspot.com/
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