[sharetrading] Nifty

 

Nifty closed above 4980 levels on Friday, which is just above the support levels.  Today it has to move up from here as below this levels Nifty can fall further to a pain full levels of 4950-4920.  In upper side, the levels to watch is 5040-5050 levels.  If anyone shorted Nifty do not remain short above 5050 levels as we can see some upper rally from these levels.  Above 5080 levels, Nifty can again cross 5100-5120 levels in coming days or a short covering rally can expected any moment.  Friday US closed positive and Asian markets will play a big role for our markets.  Anyways my personnal calculations, Nifty will take turn from here. Regards, Adarsh V Nair

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