On the hopes of robust Q4 numbers punters are playing their cards straight and betting on fresh highs being made.
As we put even before that most of the result sentiments are already discounted and Nifty may not be able to hold higher levels easily.
Our view have not changed much and we still advise traders and investors to book maximum of profit at this point of time and stay on sidelines.
For Monday Nifty must peak out at 5419 and around this level any number of shorts may be built.
Any closing above 5419 may boost Nifty and we may see a bit higher levels.
Although it looks very dicey currently.
| Important Nifty Levels for 12th April | ||
|---|---|---|
Nifty Pivot | 5352 | |
| Support | ||
| 5337 | 5316 | 5294 |
| Resistance | ||
| 5388 | 5404 | 5419 |
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