Nifty futures closed in green with a gain of 40 points to close at 5980.80 amid huge intraday volatility The resistance of 5975 was taken out and also closed above the intermediate channel. The next target is 6052 above 5975. The weekly close for nifty is important for the trend to continue. Intraday traders can look at the levels on spot nifty levels given below to trade on Friday.
No trade between 5912 and 5950(To avoid whipsaws)
Buy above 5950 sl of 5930
targets 5969-5988(add positions, breakout on the upside),
6007-6026-6045-6064-6083.
Sell below 5912 sl of 5932
targets 5893-5874(add positions,breakout on the downside)
5855-5836-5827-5808-5789.
Happy Trading !!!
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