Nifty Trend Level Today 23 April 2015-- By Equity Research Lab

NIFTY SPOT: 8429.70 (+0.62%) NIFTY FUT: 8467.80 (+0.80%) After a volatile trade, the bulls finally took the charge of Dalal Street on Wednesday despite fears of weak monsoon forecast. Equity benchmarks snapped five-day losing streak with the Nifty closing above the 8400-mark, driven by short covering in private banks, capital goods, FMCG and pharma stocks. However, the index fell below the 8300 mark intraday.

Daily Nifty Levels (SPOT)                              Pivot: 8388.12

 R1: 8491.53                                                     S1: 8326.28

R2: 8553.37                                                      S2: 8222.87

 R3: 8656.78                                                     S3: 8161.03

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