So higher top and higher bottom formation is indicating that market has bottomed out and it is given thrust by good IIP numbers.
Government's decision to hike fuel prices is still awaited and a nominal rise in prices is already discounted.
So a less than expected hike may give positive sentiments and we may see some more gains in the coming days.
So for now we expect Nifty to give surprises which are expected to be positive.
If Nifty manages to trade above 4850 then Nifty may show further rise.
In case of downward movement if Nifty breaches 4804 level then it may test lower levels.
If Nifty close below 4764 level then market will again be in negative zone and bears will have an upper-hand.
While if Nifty close above 4850 then Nifty will be controlled by bulls and they can drive it upwards.
| Important Nifty Levels for 15th Feb | ||
|---|---|---|
Nifty Pivot | 4820 | |
| Support | ||
| 4804 | 4782 | 4764 |
| Resistance | ||
| 4850 | 4872 | 4910 |
| Important BankNifty Levels for 15th Feb | ||
|---|---|---|
BankNifty Pivot | 8392 | |
| Support | ||
| 8360 | 8315 | 8262 |
| Resistance | ||
| 8455 | 8485 | 8525 |
Posts
0 comments:
Post a Comment