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The next resistance levels for Nifty (spot) are at 5,180 and 5,320 where it fills an open gap. And on the downside, 4,990-4,910 remains supports. On the weekly charts, Nifty has just crossed last week`s high so some more upside cannot be ruled out.
T he outcome of Fed meeting and its implication will decide the short term trend of the Nifty. Nifty is likely to consolidate within 4,900-5,200 range.
Ref : http://www.nifty-intraday-tips.com |
