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The Nifty50 had a flat session post a rally of 160 points in the last three days. On the charts, Nifty Future has formed a Doji indicating the indecision at the upper resistance levels.
The Nifty had a gap-up opening and attempted to pass through a major resistance level of 10,450 but could not sustain at higher levels. It made of a low of 10,392 and managed to close near the day's open at 10,242.50.
The upthrust may sustain only if we can see closing above the resistance levels of 10,450 levels. Thereafter, we may have gates opened for higher targets of 10,550-10,650.
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