Nifty 50 Index

Nifty-A pullback is possible but upside capped at 9190 - 9245.

Nifty did not react positively to stimulus package, some reaction to LockDown 4.0 that has several new relaxations w.r.t. economy and business are possible. But the upside looks capped.

Support and resistance levels are mentioned on chart.

Trade with caution, do consult your financial consultant before taking any positions. Trading using risk defined strategies is a good idea in uncertain times, try that after due diligence and consultation.

Disclaimer