NS VIEWS:
RES:5355-5367-5380
SUP:5331-5318-5305
BUY ABOVE 5343 WITH SL 5335 FOR TARGETS 5355-5367-5380
SELL BELOW 5335 WITH SL 5343 FOR TARGETS 5325-5318-5305
TOMORROW NIFTY MAY TRADE IN 5318-5380 RANGE.
NIFTY HAS STRONG SUPPORTS IN 5314-5322 RANGE AND IF BREAKS THESE ON ANY NEGATIVE NEWS MAY TRY TO RETEST THE RANGE OF 5305-5291.
NIFTY WILL FACE SOME RESISTANCE IN 5355-5360 RANGE IF BREAKS ABOVE THAT MAY SEE LEVELS OF 5373 AND 5380...
WEDNESDAY BEING HOLIDAY AND TOMORROW INFOSYS WILL DECLARE ITS QUARTERLY AND ANNUAL RESULTS.INFY GUIDANCE WILL BE CRUCIAL FOR MARKETS AND MORE FOR IT STOCKS.
BIG TUSSLE ON BETWEEN BULLS AND BEARS:
TODAY SOME GOOD ADDITION WAS SEEN IN O.I IN 5300CE AND 5400CE OF 8.6 AND 16.3 LAKHS SHARES RESPECTIVELY WHILE 5400 PE SAW AN UNWINDING IN O.I OF 10.8 LAKHS SHARES AND 5300 PE SAW AN ADDITION IN O.I OF 2.4 LAKHS INDICATING VERY TIGHT RANGE OF 5285 TO 5415 IN COMING DAYS .BELOW AND ABOVE THESE POINTS IF NIFTY TRADES WILL TRIGGER THE SL ON EITHER SIDE AND CAN SEE 40-50 PTS MORE IN DIRECTION OF BREAK.
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