As we mentioned if Nifty close below 5202 level then it will pose some real threat to it and we may see more weakness.
Since past some sessions Nifty is consistently showing weakness and is breaching many important levels on closing basis.
Now the level of 5202 is maintained on closing basis we can hope some rise in coming days.
One can carry long positions in Nifty with stop loss of 5202 of spot level.
Any closing below 5202 may cause Nifty to test 5115.
So traders must play cautiously.
BankNifty has done its short covering and now it may play in sync with the market sentiments.
| Important Nifty Levels for 21st Jan | ||
|---|---|---|
Nifty Pivot | ||
| 5217 | ||
| Support | ||
| 5202 | 5190 | 5171 |
| Resistance | ||
| 5234 | 5245 | 5268 |
| Important BankNifty Levels for | ||
|---|---|---|
Nifty Pivot | ||
| 9132 | ||
| Support | ||
| 9083 | 9067 | 9039 |
| Resistance | ||
| 9150 | 9199 | 9243 |
| Stocks to buy Today | |
|---|---|
| All Targets may not be achieved today. | NSE Symbol: Walchannag |
Buy with SL 270 T 320 | NSE Symbol: Havells |
Buy with SL 586 T 650 | |
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