NIFTY: Might Hit Resistance Soon

NIFTY Daily Chart Technical Analysis:

NIFTY made a rise today, continuing a positive week for the stock market.

Close & CMP: 5546

Market Outlook:

• NIFTY might remain sideways tomorrow, and Monday-Tuesday could see a big movement in either downward or upward direction, with a higher probability of downwards.
• निफ्टी कल शांत रहना चहिये, और सोमवार या मंगलवार को गति दिखा सकता है.  ज्यादा सम्भावना है की तब फिर नीचे की और जायेगा.

Technical Indicators:

• The market showed good recovery today but the momentum is rising very fast and could soon hit upside and tumble back. 
• 5627 is the resistance and 5415 is the support for NIFTY.
• Closing above 5627 is a very positive sign.

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NIFTY Daily Chart Technical Analysis