Nifty again had a restricted range of roughly 50 points with a weekly closely at 4920.40. The close was positive with the bearish sentiment still prevailing in the markets. On the futures charts daily trend looks down with possible reversal around 5076 levels. On spot weekly charts the channel show crucial levels of 4800 and 5076 as support and resistance. Intraday traders can look at the levels on spot nifty given below to trade on Monday.
No trade between 4904 and 4939(To avoid whipsaw)
Buy above 4939 sl of 4919
targets 4957-4975(add positions breakout on the upside)
4993-5011-5028-5046-5064
Sell below 4919 sl of 4939
targets 4901-4883(add positions breakout on the downside)
4865-4847-4829-4811-4793.
targets 4957-4975(add positions breakout on the upside)
4993-5011-5028-5046-5064
Sell below 4919 sl of 4939
targets 4901-4883(add positions breakout on the downside)
4865-4847-4829-4811-4793.
Happy Trading !
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.