Indian markets closed lower today on the string of poor economic reports from the US, after roaming in a band through the day. The NSE Nifty declined by 9.55 points or 0.17% to end at 5530.65. and BSE benchmark ended at 18401.82, down by 53.12 points or 0.29%.
Friday Nifty take support at 5526 and went upto our first target 5545.
Nifty face Resistance at 5540. If nifty reach this level go short and keep stop loss at 5550. Target 5524,5518. Above 5551 go long and keep stop loss at 5539 target 5567, 5573.
Nifty take support at 5522. If nifty reach this level go long and keep stop loss at 5511.5. Target 5537, 5540. Below 5511 go short and keep stop loss at 5523 target 5495, 5492.
Happy Trading.
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