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What is Daily Nifty Trading Outlook & Strategies about?

- The Nifty opened lower due to weak global cues and traded in a narrow range for most of the day before closing down 11 points. - The index has support at 5000/4920 and resistance at 5068 and 5130. A move above 5130 could push the index higher to 5343. - Punj Lloyd is recommended as a buy due to positive divergence and a bullish reversal pattern, with targets of 54/58. Havells India is also recommended as a buy on a weekly close above 432 with targets of 462/480.

Author

Devang Visaria

Language

EN