positive to gap up opening is expected.
5393 is still a hurdle for up side move on spot .
yesterday opened well above 5400 but suddenly pulled below 5393 which is fib level and 20 DMA.
Bulls will try again to move above it ...if succeeded will take it to 5525 5625..
below 5393 either consolidation or profit booking may take place.
for nifty futures pivot is 5380.. upside targets 5425 5452
below 5380 Nifty futures may trade at 5355 5320
trade according to trend
keep stop loss of 25 points from these levels .
5393 is still a hurdle for up side move on spot .
yesterday opened well above 5400 but suddenly pulled below 5393 which is fib level and 20 DMA.
Bulls will try again to move above it ...if succeeded will take it to 5525 5625..
below 5393 either consolidation or profit booking may take place.
for nifty futures pivot is 5380.. upside targets 5425 5452
below 5380 Nifty futures may trade at 5355 5320
trade according to trend
keep stop loss of 25 points from these levels .
