Nifty Futures today managed to hang above the channel breakout to close with minor gains at 5739.90. Nifty futures are yet to close above our monthly pivot of 5747. Targets above and below the pivot are same as mentioned earlier. Intraday Traders can look at the levels on spot nifty given below to trade on Tuesday.
No trade between 5685 and 5723(To avoid whipsaws)
Buy above 5723 sl of 5703
targets 5742-5761(add positions, breakout on the upside),
5780-5799-5818-5837-5856.
Sell below 5685 sl of 5705
targets 5666-5647(add positions,breakout on the downside)
5628-5609-5590-5571-5552.
Happy Trading !!!
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