Global market ended in positive on Friday but there isn't enough momentum to push Nifty above it's strong resistance point 15845.
Nifty closed on Friday at 15722.20 and the nearest resistance is 15761.
Nifty closed near it's 200 MA, if nifty sustain over 200 MA then there will be up move.
Nifty will open gap up on Monday morning. If Nifty open above 15761 and sustain then it will test 15800 and after that it may come for selling or stay sideways. Which will depend on opening movement of European market around 12.30 to 1.30.
Tomorrow just watch the market and don't trade until you get the right opportunity.
Nifty closed on Friday at 15722.20 and the nearest resistance is 15761.
Nifty closed near it's 200 MA, if nifty sustain over 200 MA then there will be up move.
Nifty will open gap up on Monday morning. If Nifty open above 15761 and sustain then it will test 15800 and after that it may come for selling or stay sideways. Which will depend on opening movement of European market around 12.30 to 1.30.
Tomorrow just watch the market and don't trade until you get the right opportunity.
