Nifty finally closed above very important level of 5245 which is a turning point for it.
As long as Nifty trades and close above 5245 all is well.
Breach of this level may pose some problems for the punters.
To regain the momentum Nifty must regain 5286 level on the upperside.
Above 5286 Nifty may find mild resistance at 5298 and then it may test 5326 level as well.
We advise traders to go short anywhere in this zone in Nifty Future.
On the lower side Nifty must take support at 5200-5192 range which are strong support levels for Nifty.
| Important Nifty Levels for 30th April | ||
|---|---|---|
Nifty Pivot | 5246 | |
| Support | ||
| 5239 | 5204 | 5171 |
| Resistance | ||
| 5271 | 5298 | 5326 |
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