Yesterday Nifty traded in narrow zone and settled with mild gains.We are in the middle of result season and good results are pouring in.
But as expected most of the results are already discounted and market is not showing any big upside.
Today Nifty has very strong support at 5286 and it should be respected in case of some weakness.
On the higher side Nifty has strong resistance at 5367 and it is hard to be crossed.
| Important Nifty Levels for 27th April | ||
|---|---|---|
Nifty Pivot | 5329 | |
| Support | ||
| 5306 | 5286 | 5257 |
| Resistance | ||
| 5348 | 5367 | 5394 |
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