Yesterday was very interesting session.
Nifty opened weak and then jumped to gain 124 points from day's low.
But finally Nifty settled with 24 points gains due to heavy profit booking.
There was a lot of momentum in the major liquid stocks and it was one its kind trading session one can see in its life.
Today Nifty has some resistance at 5279 and it will act as turning point for Nifty.
Above 5279 nifty will face resistance at 5303 level.
We advise traders to book profit here and short on every rise.
On the lower side Nifty has strong support at 5202 level which is also psychological support level.
We advise traders to buy in near this level for short term gain.
| Important Nifty Levels for 23rd April | ||
|---|---|---|
Nifty Pivot | 5269 | |
| Support | ||
| 5239 | 5202 | 5178 |
| Resistance | ||
| 5279 | 5303 | 5327 |
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