Nifty - 9248 should hold for bulls, 9450-9500 resistance
Nifty closed below another important supporting trend line today.
9390 may provide cues w.r.t. immediate direction of Nifty.
9248 followed by 9116 are important for Bulls, while 9450 - 9500 is expected to act as resistance zone.
The package anticipations were holding Nifty for past few days, it has now gone. Economic activity, Dow and "Reliance" will keep providing direction in future, all are looking weak at this point of time.
Tomorrow being a settlement day, market may remain ranged, and volatile. Option chain indicates settlement between 9300 to 9400, Nifty future open interest saw 14% addition in positions today, it was at multiyear low level yesterday.
9390 may provide cues w.r.t. immediate direction of Nifty.
9248 followed by 9116 are important for Bulls, while 9450 - 9500 is expected to act as resistance zone.
The package anticipations were holding Nifty for past few days, it has now gone. Economic activity, Dow and "Reliance" will keep providing direction in future, all are looking weak at this point of time.
Tomorrow being a settlement day, market may remain ranged, and volatile. Option chain indicates settlement between 9300 to 9400, Nifty future open interest saw 14% addition in positions today, it was at multiyear low level yesterday.