Nifty today opened with a good gap from previous closing but failed to sustained after Inflation data of march which have increased and negative opening of Euro Market and started falling down closing 10 pts up.
Nifty closed at 5300 after making a high of 5350.
MACD for the hourly chart have turned negative and RSI is changing the direction from down to upside.
Nifty is xpected to open negative and can sustain a level of 5270-50 levels.
The gap of opening which was seen today covered so if market sustain then good positive movement can be seen in mid term.
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