Yesterday Nifty fell down heavily on the account of weak international market.
The fall was very severe and strong. All major support levels were broken yesterday.
Although finally Nifty took support near 50 DMA near 5195.
Today also 5201 and 5182 levels will play very important role.
Due to strong fallout Nifty may gain some points and may not show much of weakness.
In case 5167 level is crossed then we are hopeful of getting back into upward momentum.
Although we advise traders to be cautious at higher levels and buy on fall.
| Important Nifty Levels for 29th April | ||
|---|---|---|
Nifty Pivot | 5230 | |
| Support | ||
| 5201 | 5182 | 5158 |
| Resistance | ||
| 5244 | 5267 | 5294 |
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