GEPL Technical view on Nifty – 19th August (video)

Today nifty rallied more than a percent with comparatively higher volumes to closed near to the numerical and psychological level of 5500. Now, in the current scenario the resistance for nifty is placed at 5530 followed by 5555. Whereas, nifty has formed very strong support around 5390 levels, so, positional traders can continued to hold their long positions with the positional stop loss of 5390

As for stocks Axis bank and IVRCL Infra appears strong on charts.


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