On 30th April 2019, Nifty might cross 10800 level at opening due to more than 3.5% drop in Brent Crude and NYMEX crude on Friday. Brent Crude settled at $71.62 (-2.73) and NYMEX Crude closed at $62.84 (-2.37). This will boost Indian market and Nifty may try to reach previous lifetime high of 11856.
In next 1-2 trading sessions, Nifty will try to retest 11800-11850 levels. Option data suggests - upward side 11800-12000 will act as resistance and downward levels are 11700 & then 11500.
In next 1-2 trading sessions, Nifty will try to retest 11800-11850 levels. Option data suggests - upward side 11800-12000 will act as resistance and downward levels are 11700 & then 11500.
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