After a long time....
Market has a good rally from last few days, it settles down at the level of 5800 - 5920 level, now, will it break the 5800 level, easily or it will remain above this level lets check out with the chart.
Market has a resistance at the level 5910, if it remain below this level, then market may touch level of 5650. If market manages to close above 5910 level, then that will be bullish sign and market may touch 6300 in short period. So, watch out the levels.
Looking at FII & DII Data, DII people were scared about political instability and because of this profit booking is there.
In the month of April, FII's people always are the strong buyers, but, surprisingly, they are buying in Equity market and Selling in Future market, so, these people also, scared about political instability in the market, which will suggest us that market will be in the range of 5650 - 5910, either of the breakout will decide the market direction, till that point, traders will be more happy because of both side gains.
R1,R2,R3: 5905 - 5926 - 5946
S1,S2,S3: 5866 - 5846 - 5826
Technical Supports: 5866 - 5842 - 5810
Technical Resist: 5906 - 5944 - 5967
F & O Stocks:
If you have any query please get in touch with me.
9922944434 / 9922942422
Precise Analysis Pvt Ltd.
Flat No: 7, 2nd Floor, Indraprastha Apt, Near Ambar Hall,
Mayur Colony, Kothrud, Pune 411038