Positive opening is expected by Nifty Futures: By 10-15 points in range of 5785-5790
>> It has broken the support at 5750
#NiftyFutures has broken the support at 5750 but closed above that level and now if market manages to hold the level today and closed positive then this down move may stop for some trading sessions.
>> Support for Nifty is at 5760 and 5720
>> Resistance for Nifty is at 5820 and 5860
#BankNiftyFutures is in down trend & trading near its 52-week lows which are the strong support levels of 9800. A bounce is expected from these levels as this down move is almost extended to 161.8% of the previous down move.
>> Support for Bank Nifty is at 10000 and 9900
>> Resistance for Bank Nifty is at 10320 and 10350
#Stocks to watch for today are:
>> MRPL [Current Market Price: 32.60]
>> STAR [Current Market Price: 580.05]
All major Asian markets are trading positive except Taiwan trading negative and Europe closed positive while U.S. markets closed with mixed views.
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