Nifty is showing good resilience from past few sessions and is looking strong on the charts. The index is expected to open with gap up opening towards 24500 zones. The technical support for the index is looking good with key support placed for the index 23900-24000 and the resistance is round 24500 on the higher side. The overall trend of the index is Buy on dips for the near term till the index is holding above 23800 on closing basis. Bank Nifty have given good bounce in the recent past above 55500 on the daily charts. The overall trend of the index is good with some volatility expected today after the recent brutal strong up move on the daily charts. The sentiment on the street will remain bullish with support for the index placed around 55000 while 56300 remains resistance for the day.

VEDL

#PersonalFinance#EquityResearch#Today’sTradingSetup#IndexStrategies#Pre-OpeningCommentary

848 likes·15 comments