Showing posts with label Nifty Future Levels for Thursday. Show all posts
Showing posts with label Nifty Future Levels for Thursday. Show all posts
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For Intraday Trading on Thursday:- Yesterday Nifty showed selling pressure from resistance near 5,500 levels and closed in red. RBI monetary policy on Thursday play role sentiment preparation. Sentiments may remain weak below 5,500 and some selling pressure can be seen. If Nifty shows strength above 5450 levels, then rally to 5,500/5,540/5,570 levels may be seen. If Nifty does not show strength above 5,450 levels then selling pressure till 5,400/5,350/5,300 may also be seen.

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A continuation of upside momentum in coming trading session will be seen. On the upside if indices trade above 18,636/5,600 then indices are likely to test 18,786-18,936/5,650 - 5,700 levels. On the downside, 18,513 - 18,330/5,560 - 5,500 may act as support for the day.