Nifty tomorrow opening, Targets for 26 August , Prediction

Nifty touch record low 5200 and touched high of 5500 this week, due to negative global cues and Rupee weakness against US$. Pharma, PSU BANK, Auto, Energy, IT and infra traded weak, Metal stocks perform well.

Friday Nifty closed at 5471.75 up 1.17%, August future derivative closed at 5464.50 up 0.93% touched high of 5467.95 and low at 5370.30, Open interest fell 1.12%, cost of carry decreased. However volatility reduces in market. Nifty Call option traded with 21% gain for current strike price .

Nifty Resistance and support for tomorrow

Resistance5507, 5543, 5608

Support 5406, 5341, 5305.

Nifty may open weak on Monday, expected it will heads towards 5600 in next week.

Posted in: Nifty Future Tips,Nifty Tips