GOOD MORNING ALL
Last Friday, the Nifty opened the day with a positive bias and traded in a tight range for almost the whole day. The last hour of trade was surrounded with rumours which saw the Nifty take a vertical fall to close the day at around the days low.
For today, the Nifty is expected to open flat. Now the support once again stands at 11450. On the higher side, the 11550 – 11600 is a strong resistance zone. These will be the make or break levels for the day. Stock specific activity to continue.
Keep a close watch on the volatility Index as well.
For the Bank Nifty, immediate support is at 22000. The next important resistance to be watched out is at 22700. These are the make or break levels for the day