On Wednesday nifty hold the 4220 level come back from lows & give a break out at 4270 with volume . Nifty close near the 5 d ema ,in upside nifty may 4325-4357-4400.In down side 4270 is the main support if it breach 4220-4185- 4155 may possible.
Positional trader
Short hold with the sl at 4400,t- 4185-4010
Long hold with the sl at 4200, t- 4400 4550
Day trader
Go long if nifty sustain 4325 ,t - 4357 -4400
Go short if nifty trade below 4275,t - 4220-4185
Sgx nifty trade +40 points so gap up opening is expected.volatile market due to settlement day & inflation data today.
5DEMA--10DEMA--15DEMA--20DEMA--25DEMA
4298 4339 4357 4333 4290
DAILY PIVOT
P- 4273 R1- 4327 R2- 4361 S1- 4238 S2- 4184
WEEKLY PIVOT
P- 4374 R1- 4541 R2- 4769 S1- 4146 S2- 3979
HAVE A GOOD DAY.
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