Nifty futures are still in a range and had a flat closing today also. The above chart shows some levels as per the trend on the daily chart for futures. The side ways movement may continue for this week also with some volatility with it. Traders should be vigilant for breakouts on either side as the move may mature soon. Intraday traders can look at the levels on spot nifty given below to trade on Tuesday.
No trade between 5647 and 5684(To avoid whipsaws)
Buy above 5684 sl of 5664
targets 5703-5722(add positions, breakout on the upside),
5741-5760-5779-5798-5817.
Sell below 5647 sl of 5667
targets 5628-5609(add positions,breakout on the downside)
5590-5571-5552-5533-5514.
Happy Trading !!!
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