If you go through the put call buildup chart and Nifty snapshot, then you will be confirmed that Nifty in absolute bearish zone and under pressure due to bearish sentiment of the traders. But I still believe that Nifty will not break 4900 level easily.
Tomorrow if market opens above 4967 and stay above it then it will easily hit 4982. If Nifty opens around 4982 then it will be range bound between 4965 and 4985. If it stays above 4967 till 2 o’clock then it may test 5015.
Unable to sustain above 4961 may lead the Nifty to 4938 and selling pressure may lead Nifty to 4922 to 4907.
4961 is the pivot level of Nifty. Best of Luck.
Please put your queries on Nifty and any Stock if you want.
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