Trading the nifty on 28th of January
The current status of Nifty needs more confirmation signals. If the nifty manages to open above 6084 which means further strengthening, can take the Nifty to surpass the levels of 6100 and 6120. The Nifty has resistance at 6103 and 6123.
On the lower side the Nifty could slip towards 6048 and 6028 if opens below 6064. The Nifty has support at 6045 and 6025.
Crude-oil trading levels for 28th January
The crude is continuing its sideways trend as expected. Since it has closed at 5194, there is a good chance for it to cross the 5200 levels. If the crude opens above 5202 it can reach targets of 5217and 5235. On the lower side if it slips below 5184 it could test levels of 5168 and 5150.