Today Nifty has closed at 5486 with a net gain of slightly less than 1%. Today market has given close above the major resistance zone of 5470-5480 after along time. Now we at GEPL are expecting that this rally is straightly heading towards the area of 5600. From Intraday trading perspective resistance is placed at 5520 & 5600 for Nifty while support is now at 5470, 5430 & 5400. Regarding sector specific approach in our view Metal, Realty and Capital Goods will out perform the broader indices while Health Care and FMCG will under perform in tomorrow’s trading session.
GEPL Technical view on Nifty – 10th August (video)
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Our expecting trgt of Nifty 6000 in end of the Sept series
My Sensex trgt 23000 level before end of Dec series as i see right now –
My Sensex trgt 23000 level
before end of Dec series .
Nifty trgt is 6000 in end of the Sept series