Nifty spot had an eventful day today making lows and highs at extremes.Spot nifty close above 5100 level at 5114.15 is heartening for bulls.Its needs to be again in the 5130-5330 to be poised for further recovery.Above chart shows the level to be watch on nifty futures tomorrow.Intraday traders can look at levels on spot nifty given below to trade on Tuesday.
No trade between 5096 and 5132(To avoid whipsaw)
Buy above 5132 sl of 5112
targets 5150-5168(add positions breakout on the upside)
5184-5202-5220-5238-5254.
Sell below 5096 sl of 5116
targets 5078-5060(add positions breakout on the downside
5042-5024-5006-4988-4970.
Happy Trading !
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