Nifty ended with 66 points gain on yesterday.
Reliance itself contributed 65 points for Nifty and finally Reliance broke 2000 level and it may continue the bullish rally upto 2150.
If Reliance continue the rally then we may see Nifty at ATH today but expect some little bit selling pressure at ATH.
Bank , IT , Auto under performing.
Hindalco shot up 6% yesterday and made fresh ATH.
ITC came with good results but still it was falling and now a days people are selling when company came with good results due to high expectations on results.
After 2 days FIIs bought more than DIIs sold but the numbers are very less.
FIIs bought 944.36 crores and DIIs sold 707.68 crores.
Coming to Global markets :- US and UK markets closed flat and currently Dow Jones , Nasdaq and UK futures trading at flat.
All Asian markets are mixed .
SGX Nifty is down by 15 points as of now.
Coming to India :- All global markets started consolidating so our markets may open with flat.
keep a eye on Reliance and any rally on reliance may see action on Nifty also.
yesterday Bank Nifty ended with huge volatile .
Markets came to consolidation and majority of the companies results announced so there is no more news also and today is Friday so less clues and high volatility may give less moves also so better stay away today.
The One who is looking for support and resistances based on OI data:- Nifty had a resistance at ATH(15,257) and support at 15,100 and 15.000.
Bank Nifty may trade in between the range of 36,500 to 35,500.
All The Best , Trade With Discipline.