Nifty opened with a gap today at 5096.70. After moving in a range it gave the gains to close the day at 5054.10. The high and low for the day were at 5124.45 and 5054.70. The supports on spot nifty comes around 4980 below it we may for deeper correction. The trend is positive above the 5060 level with targets of 5170. The MFI is still up and hints at continuation of trend. Intraday traders can look at the levels on spot nifty to trade on Tuesday.
No trade between 5036 and 5072(To avoid whipsaw)
Buy above 5072 sl of 5052
targets 5090-5108(add positions breakout on the upside)
5126-5144-5162-5180-5198.
Sell below 5036 sl of 5056
targets 5020-5002(add positions breakout on the downside)
4984-4966-4948-4930-4912.
Happy Trading !
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