NIFTY opened on a positive note yesterday and jumped above the 15800 mark. Entire day it was trading in a range of 15850 - 15890 and finally ended near the 15900 mark. Now NIFTY has a strong resistance in the range of 15900 - 15950, thus now fresh longs should be taken only on a breakout above 15950. On the downside, the range of 15750 - 15700 will play an important support for immediate term however 15600 remains a strong support for short term.
|Buy above 15910||15850||16025|
|Sell below 15790||15851||15675|