GEPL Technical view on Nifty – 23rd December (video)


Today Nifty has closed at 5984 with a loss of 16 points which is 0.27% loss comparative to its previous close. We are of the view that crossover and sustenance above 6005 can pull up Nifty up to the area of 6050-6070 range. Regarding intraday support on the down ward side market has got good support around the level of 5950 and below that at 5890 while resistance is placed at 6005 and 6070.

We are of the view that BSE-Metal and BSE-Bankex is going to out perform the broader indices while BSE-Capital Goods, BSE Realty and BSE-FMCG is going to under perform the market.


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