NIFTY RESISTANCE AND SUPPORT FOR TODAY 13 JULY
Today Nifty opens below on infosys, Yesterday Nifty made a new high at 5402 before shedding some weight to close at 5380.
It is estimated as seeing the present nifty trend that, Nifty might see the levels of between 5450 and 5500 in coming sessions. According to last 7-10 trading sessions it is suggested keep target of around 5470.
On the downside (if it falls), immediate support is likely around 5335-5350 while 5280 could be used as a trailing stop loss for all long positions. It is seen that action is clearly shifting to mid caps as well as laggard sectors like Realty and Telecom. Educomp has given a breakout above 565 and technically stock could target 625-640 in coming days
TECHNICAL VIEW:-
Short term trend is up. Intermediate trend is Down.
Nifty Trend Reversal Point : 5225
Nifty Support levels are 5300 , 5280, 5250, 5180, 5150
Nifty Resistance levels are , 5330 , 5400 , 5470 , 5530 , 5650.
