Nifty Technical Resistance & Support Level (Friday 20 May):-
The pre-opening session of the market begins with the Nifty and Sensex indicating a positive start today. The SGX Nifty is at 5442, up 8 points.
For today`s trade market likely to trade in the range between 5,450-5,495 in the upper-side and 5,400 - 5,350 in the lower-side.
It was second consecutive day of range-bound trade in the markets with capital goods making the biggest up-move on Thursday's session. Realty lost substantially and banking also traded with negative bias. It is predicted that nifty will be in down trend today.Top gainers of NSE yesterday were- L & T, Tata Power, Reliance Power,Bajaj auto.
Resistance : Its first resistance level is at 5466 and above this level it could test the resistance level near the 5525 points.
Support : Its first support level is at 5406 and below this level it could have support level near 5350 points.
No comments:
Post a Comment