Nifty futures opened positive and stayed there for the day but at the end of it gave away. The close is very near to yesterday so a nothing happened today. The close is very important at the end of the day its what you take at home. The level of 5982 was crossed intraday but we closed below it so nothing has changed. The levels to trade are the same for tomorrow. Watch the monthly levels this is for trend followers.
Spot Nifty Levels for Trading on Thursday :
No trade between 5938 and 5976(To avoid whipsaws)
Buy above 5976 sl of 5956
targets 5995-6014(add positions, breakout on the upside),
6033-6052-6071-6090-6109.
Sell below 5938 sl of 5958
targets 5919-5900(add positions,breakout on the downside)
5881-5862-5843-5824-5805.
Happy Trading !!!
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