Yesterday NIFTY started the day on a positive note and jumped above the 15500 mark in early trade. It tested the 15600 mark but could not sustain on higher levels and fell sharply. But after making a low of 15367, it recovered smartly and finally ended above the 15550 mark. We may see further recovery and NIFTY can test 15700 and if it sustains above that then it can test its 20DEMA, which is placed near 15900. On the down side, the range of 15350 - 15300 will play as an important support.
|Buy above 155630||15549||15800|
|Sell below 15350||15426||15200|