Nifty has closed just around 4900 but still the rebound is not looking confident and
Tuesday could be a crucial day for the markets. Nifty has managed small gains in the past
three days and now must cross and trade consistently above 4950. On the other hand close
below 4830 again could reinforce the downtrend. Certain stocks that look positive are Can
Bank, Tata Motors, educomp, Siemens, Bajaj Hind, Axis Bank and Cipla.
Nifty has immediate support around 4820-30 and then around 4760 while significant resistance
is seen around 4935-4960.
Tuesday could be a crucial day for the markets. Nifty has managed small gains in the past
three days and now must cross and trade consistently above 4950. On the other hand close
below 4830 again could reinforce the downtrend. Certain stocks that look positive are Can
Bank, Tata Motors, educomp, Siemens, Bajaj Hind, Axis Bank and Cipla.
Nifty has immediate support around 4820-30 and then around 4760 while significant resistance
is seen around 4935-4960.