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Nifty was on a bull trend last day and closed at 5040 .Today the first resistance for nifty is at 5073-77 level.Next resistance ranges are at 5108-13 ,5130-34. Share market today opened with soft and quite start today.Volatility in the market is likely to continue and it will struggle at higher levels.
We could re-test 4800 and I would like to see the market consolidate and find support at 4800-4720 before a substantial pullback
SHARE MARKET PREDICTIONS FOR TODAY :-
1. 'BUY' Chambal fertilisers & Chemicals Ltd with a target of Rs 135 and a stop loss of Rs 97.00
2. 'BUY' VIP Industries Ltd with a target of Rs 1100 and a stop loss of Rs 810.00
3. SELL' Punjab National Bank with a target of Rs 810 and a stop loss of Rs 960.00
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