Nifty futures could not cross the hurdle of 5982 and gave up the intraday gains to close at the level of 5938.75. The close is just above the level of 5936.50 which will be critical for tomorrow again. The levels are same for tomorrow as we are moving in the range. Use the levels given earlier to trade for trend players. Intraday players can use the levels given yesterday.
Spot Nifty Levels for Trading on Thursday :
No trade between 5903 and 5942(To avoid whipsaws)
Buy above 5923 sl of 5903
targets 5961-5980(add positions, breakout on the upside),
5999-6018-6037-6056-6075.
Sell below 5903 sl of 5923
targets 5884-5865(add positions,breakout on the downside)
5846-5827-5808-5789-5770.
Happy Trading !!!
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