NIFTY Trend Score

Intraday chart of NIFTY

In line with our expectation, the NIFTY went up 26 points to close the day at 5390. Major gains were seen in financials as HDFC and IDFC moved higher. SESAGOA was the major loser as it shed 6%.

Further gains are likely in the near term as the Index is poised to trend higher and test its major resistance level at 5450. Major support is placed at 5300.

Use the Trend Score table for Swing Trade recommendation and Intraday ranges.