Nifty Trading Starategies and Share Tips for Tomorrow

The domestic as well as the global developments are not conducive to a bull trend in the market at this point of time. Bears are having full control at the moment and further downside seems likely. Short and medium term trend is bearish and all eyes are now on the RBI`s monetary policy and its stance in the coming week. Long term trend will be influenced by the policy outcome till then Nifty is likely to trade with a downward bias in the range of 5,075-4,800.

Markets made a marginal recovery in late noon deals even as heavyweights witnessed selling pressure. The NSE benchmark had touched a low of 4911.25 on negative cues from global peers in intraday deals. Nifty shed 112.65 points at 2.23 %. Nifty Futures shut stop at 4943 down by -109.50 or -2.17 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 4900 else above resistance level of 4980 it would be in an upward trend.
Resistance         Support
4980                        4900
5190                        4800
 

Free Nifty trading Tips on Mobile CLICK HERE