NIFTY (4358)

It was an excellent day right from the opening bell and we ended near days high. Nifty also touched its earlier all time high of 4363 today but did not surpass it.

Pivot Point trading levels for 4th JUL is as under.
S2 S1 PIVOT R1 R2
4296 4327 4345 4376 4394

Pivot Point trading levels for the Week 2nd-6th JUL is as under.
S2 S1 PIVOT R1 R2
4207 4262 4292 4347 4377

Pivot Point trading levels for the Month of JUL is as under.
S1 PIVOT R1
4158 4260 4421

10-DMA 4285
20-DMA 4224
30-DMA 4238

Resistances on the way up are at 4364, 4408, 4433. Support is at 4294.
These are not for any particular day and are valid for MEDIUM TERM.

Chart support is at 4327. Weakness will only be seen below it. Now tomorrow, if global cues are okay then at opening bell itself Nifty will make a new life time high surpassing 4363. Once we clear 4363 and stay above it, then In this current run up from 4100, I expect the Nifty to reach 4408/ 4421/ 4433 before correction starts. Hence positional players, at these levels kindly exit your positions for re-entering at lower levels.

4th July is holiday is USA as they celebrate Independence day and hence on 3rd July US markets will be closing early by 1 PM.