The overall trend of Nifty looks bearish, and the sellers are in control over the markets. Sell on rise would be the best strategy to deploy for today’s market considering the overall trend of Nifty. We may expect a change in trend only if the price sustains above the resistance level. Can Initiate buying only if prices continue to sustain above the resistance level. I have provided Nifty Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets. Nifty Spot Resistance 1 - 24105 Resistance 2 - 24130 Support 1 - 23970 Support 2 - 23920 Happy Learning, Happy Trading and have a wonderful day. Top Gainers : ITC, BHARTIARTL, ADANIPORTS. Top Losers : SHRIRAMFIN, MARUTI, NESTLEIND.

ITC

#Pre-OpeningCommentary#TechnicalViews#WatchOutFor#IndexStrategies#MacroViews

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