See profit booking in Nifty on rise: Way2Wealth

Way2Wealth has come out with its derivative report. According to the research firm, on higher side will continue to see stiff resistance around 5700-5720 levels in Nifty and can see profit booking from those levels whereas on lower side it will find immediate support around 5620-5600 levels.

On Friday indices opened on flat note and thereafter for whole session Nifty traded in narrow band of 30-40 points with no clear direction. Selling pressure was seen in realty, infra and telecom sector that kept indices under pressure and finally it closed around 5651 levels down by 7 points. 

On back of strong global indices, today domestic bourses will open on positive note but on higher side will continue to see stiff resistance around 5700-5720 levels and can see profit booking from those levels whereas on lower side Nifty will find immediate support around 5620 and 5600 levels.

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To read the full report click on the attachment

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