The Market out look for Nifty and Crudeoil on 30th January

Trading the nifty on 30^th of January

The Nifty is currently on a sideways trend. To see any change in this trend we need more data.  The Nifty has resistance at 6084 and 6103. The support level is at 6025 and 6006. Th4e Nifty could be bought above 6064 for the targets of 6080 and 6100. Onn the lower side, targets of 6028 and 6009 can be tested, if the nifty goes below, 6045.

Crudeoil trading levels for 30^th January

As we observe from the charts the crude is well on the uptrend. There are good reasons to believe that the crude will rise some more. The crude has resistance at 5256 and 5274. The support levels are 5202 and 5184. An opening above 5238 can take the crude to 5253, 5271 and 5289 levels. On the lower side targets of 5204 and 5186 are possible.