Nifty
Levels -
PP
– 5123, S1 – 5102, S2 – 5075, S3 – 5055
R1
– 5149, R2 – 5169, R3 – 5196
Experts
believes that markets may see rally in the near term. The
market seems to be discounting a lot of bad news and there is a
temporary move upwards. Investors need a lot of confidence in
everything going right to see this market going above levels of 55-56
where you can feel that this is going to sustain. That looks a little
hard given whatever is happening both within the country and outside.
So for the moment, we are in for a rally but is this a trend change,
very doubtful.
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