GEPL Technical view on Nifty – 10th August (video)


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.

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