Nifty futures opened above 5600 but could not sustain above it and closed at 5583.40. The futures need to close above 5636 to be positive for any recovery. On charts its still hanging at the bottom of the channel after breaching it intraday. The levels are same as yesterday as we closed near it.
No trade between 5553 and 5590(To avoid whipsaws)
Buy above 5590 sl of 5570
targets 5609-5628(add positions, breakout on the upside),
5647-5666-5685-5704-5723.
Sell below 5553 sl of 5573
targets 5535-5516(add positions,breakout on the downside)
5495-5476-5457-5438-5419.
Happy Trading !!!
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