Nifty is having Short term support at 4800 Mark, we have seen nifty closing above this mark last day, though it has breached the 4800 mark in intraday but was manage to close above 4800 mark. Nifty is getting channel support between 4792 – 4812 from last 2 corrections. Its quite important for nifty to respect these levels and trade above them , then only we can see more upside in nifty. World markets are not looking panic anymore, don’t know what lies in future though. 4750 is a psychological support as nifty has bounced back from that 2 times in past. We can expect similar results today. But in case it breach the 4800 and 4750 levels and trade below them on closing basic then the downside targets will be quite large.
We can expect recovery in stocks also, Bank and reality and construction sectors can see bounce back, May FNO expiry is near clear trend will be observed only in next FNO Series of June
Trade wise , Trade Smartly
Pankaj Arya
Managing Director ( @ NiftyLiveCharts.com )
Sir
I have a small request. For seeing STI of each individual fno stock we need to click on the particular stock. Instead of that i request you to change it in the following manner.
“If we click on the STI link then all fno stock should figure with the STI value as on that date – before opening of markets. By this we can judge which one to short & which one to go long.
Kindly consider.
regards
V. Annamalai, Chennai
This Facility is available for Premium Members at Rs 1000 per month. where you can see all the information on 1 page.
Free members need to check the stocks individually
Thanks
Admin