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.
Published by geplcapital
Offering a range of financial services across investment spectrum, GEPL is a boutique financial services and investment advisory firm. It covers products such as equities, mutual funds, bonds, currencies, derivatives, commodities, wealth management, insurance, real estate, loan against securities and Demat services. GEPL provides single point access to all platforms through its mobile app & web platform, sound fundamental and technical reports, anytime / anywhere trade access & easy support over phone. Established in 1997, GEPL is headquartered in Mumbai, spread across 9 states and services through 150 access points including 25 own branches. With clientele ranging from individual investors to enterprises to institutions, GEPL intuitively understands different financial requirements and offers customized investment solutions. GEPL is firmly rooted by its 3 Mantras: Servicing, Integrity and Teamwork - all of which work to the benefit of clients. Apart from these 3 pillars, GEPL has combined it’s traditional advisory with modern technology and cutting edge research to meet and surpass it’s clients expectation. View all posts by geplcapital