Nifty futures closed the week at 5630 above the stop loss of 5625. The rising channel is still held by it. Monday opening will be important looking at the international markets weekly close. If it opens with a gap and sustains above it will need to be seen. Above 5636 we have 5673 as resistance and then 5701-5747. The supports are at 5599-5562 on the downside. Intraday traders can look at the levels on spot nifty to trade on Monday.
No trade between 5608 and 5645(To avoid whipsaws)
Buy above 5645 sl of 5625
targets 5664-5683(add positions, breakout on the upside),
5702-5721-5740-5759-5778.
Sell below 5608 sl of 5628
targets 5589-5570(add positions,breakout on the downside)
5551-5532-5513-5494-5475.
Happy Trading !!!
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