Stock advisory Company, Expect Nifty to open on flat to positive note

For daily Intraday tips and Intraday calls click this link to get connected with us http://www.ripplesadvisory.com fill our Two Days Free Trial For more you can give  One missed call on this no. - 9644405056

Taking global market cues Nifty is expected to open flat to positive. Immediate resistance is placed around 9380, says a report by Stewart & Mackertich.

Taking global market cues Nifty is expected to open flat to positive. Immediate resistance is placed around 9380; 9420 is the next resistance. Nifty is likely to hold the intraday positive momentum as long as it trades above 9300. Downside support is placed around 9260.

The previous day, Nifty ended 0.10 percent down at 9342.15. It failed to progress beyond the day before yesterday’s high of 9367. Whole day choppy movement due to April F&O series expiry jittery led to a bearish candle. Failing to progress beyond our resistance of 9380 may be an early indication of short-term retracement against the broader uptrend. Next resistance is placed around 9420. However, ‘higher high higher low’ pattern is still well intact, which means intraday retracements might get arrested around crucial support levels. Downside crucial support levels are placed around 9300 and 9260.