Nifty futures closed today with a 7 point gain after opening with a gap up but but could not sustain it. Things have been quite on nifty for a long time. Its still at the bottom of the channel devoid of momentum. So staying in strict with stop loss of 5625 on close will be the strategy. Intraday traders can look at the levels on spot nifty to trade on Tuesday. Wednesday is a holiday so no update for it.
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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