The present value action proposes that 200-day SMA which is at 8324 holds impact. In coming trading session if Nifty trades lower 8324 range then it is expected to check 8280 – 8230 ranges. On the upside 8400 – 8430 may act as resistance for the day. Since there is F&O derivative expiry we are expected to observer unstable trading session. We keep our position that costs are in the supply area and hence, one must assume wary approach at present level.
Indian Stock Market Trading Tips 28 May
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