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Nifty witnessed high volatility today. Nifty is not sustaining higher levels & also not making close above the level of 4805. Technically still we could see the level of 4520 in Nifty if it closes below the level of 4650. At present I recommend for traders that they should go for sell in nNfty around the level of 4800 to 4825 level and book profit around the level of 4740. ;D
For technical analysis of Nifty one can refer to a web site which is providing pre-market analysis on Indian indices especially Nifty along with Buy and Sell recommendations for individual stocks of Nse Bse.
Today's Nifty Trend is
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 7850
SUPP 2: 7800
RES 1: 7995
RES 2: 8060
Nifty closed on a negative note in todays market closing at 9203.45. It was down by almost some 33 points then its previous close. However it opened on a positive note today . Trading along the market trend helps to deal with such market movements in a better way.