Nifty Prediction
Nifty has breached the 4,900 levels and has closed above it which is a bullish signal. The index is expected to test 5,025-5,055 levels which are likely to act as an immediate resistance on the upside which is also the 61.9% retracement level of the recent fall. The yesterday`s gap up would act a strong support around the 4,912-4,900 levels on the downside.
Nifty has breached the 4,900 levels and has closed above it which is a bullish signal. The index is expected to test 5,025-5,055 levels which are likely to act as an immediate resistance on the upside which is also the 61.9% retracement level of the recent fall. The yesterday`s gap up would act a strong support around the 4,912-4,900 levels on the downside.
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