Nifty (spot) strong above 5590
Nifty (spot) weak below 5570
Nifty (spot) Support 5550/5520
Nifty (spot) Resistance 5610/5630
With decline of about 250 points during last few days, Nifty had entered in deeply oversold zone having to many positive divergences indicating technical recovery. If it manages to close above 5650 decisively, it will resume upward trend for the target of 5740/5750. On the bearish side, if it moves below 5500, it will target 5475/5440 in near term.
Kotak bank above 493...may target 497/504.....keep sl 485
Gitanjali above 313...may target 317/324....keep sl 308
Idea above 81 ....may target 85 within few days. keep sl 79...for positional traders
Arvind above 86...may target 93 within few days keep sl 84...for positional trades
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