IMPORTANT NIFTY LEVELS WATCH FOR 28/04/2016

Important Nifty levels watch for 28 April 2016 –

Support 1 (S1) – 7940 to 7950

Support 2 (S2) – 7920

Support 3 (S3) – 7850

Resistance 1 (R1) – 7980 to 7990

Resistance 2 (R2) – 8050

Resistance 3(R3) – 8090

Nifty will be strong above 7970 for the target of  8050-8090.

Any decline up to  7950 – 7920 should be a good buying opportunity for the target of  7980-8050-8090.

Nifty will be weak  below 7890 for the target of 7850.

On 27th April, Nifty spent whole day  consolidating  near the resistance 7980 and about to breakout. Any decline will be a buying opportunity,  as Nifty is in strong bullish momentum in all the time frames.

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