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 \u2013 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\u2019t 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.
\nWe 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<\/p>\n
Trade wise ,\u00a0 Trade Smartly<\/p>\n
Pankaj Arya
\nManaging Director ( @ NiftyLiveCharts.com )<\/p>\n","protected":false},"excerpt":{"rendered":"
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 \u2013 4812 from last 2 corrections. Its quite important for nifty to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[7274],"tags":[8240,8239],"class_list":{"0":"post-3426","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-daily-nifty-levels","7":"tag-bounce-back-expected-in-nifty","8":"tag-nifty-view-26-may","9":"entry"},"_links":{"self":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/3426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/comments?post=3426"}],"version-history":[{"count":0,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/3426\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/media?parent=3426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/categories?post=3426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/tags?post=3426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}