Another non-trending day with close near the same levels. Futures remained in the positive zone for the day and then gave up the gains. Use trend levels given earlier. RSI at same level yet to breach its support. MFI is still showing positive divergence which is yet to materialise. Intraday traders can look at the levels on spot nifty to trade on Thursday.
Spot Nifty Levels for Trading on Thursday :
No trade between 5622 and 5660(To avoid whipsaws)
Buy above 5660 sl of 5640
targets 5679-5698(add positions, breakout on the upside),
5717-5726-5755-5774-5793.
Sell below 5622 sl of 5642
targets 5603-5584(add positions,breakout on the downside)
5565-5546-5527-5508-5489.
Happy Trading !!!
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.