Nifty Futures dipped below the yesterday's close and remained in the red for the day. Nifty futures opened near 6064 and breached the support of 6052 and negative thereon for the day. The next supports are at 5975 and staying below 6052 would be negative for the day. Going below 5975 will be detrimental for the futures and hit the pivot of the month at 5898. But we stayed put for the day above 6000 levels. The range looks to be in between the levels of 5975 to 6129. Intraday traders can look at the levels on spot nifty to trade on Friday.
Trade Levels for Friday :
No trade between 6000 and 6038(To avoid whipsaws)
Buy above 6038 sl of 6018
targets 6057-6076(add positions, breakout on the upside),
6095-6114-6133-6152-6171.
Sell below 6000 sl of 6020
targets 5981-5962(add positions,breakout on the downside)
5943-5924-5905-5886-5867.
Happy Trading !!!
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