Nifty futures opened in green with a gap up but gave the gains soon and went sideways for the day to close at 5561.50. On charts we see the price not doing much and at the bottom of the falling channel. Nothing looks changed on Monday so use the trend levels give earlier for trade. Intraday traders can look at the levels on spot nifty given below to trade on Tuesday.
Spot Nifty Levels for Trading on Tuesday :
No trade between 5524 and 5562(To avoid whipsaws)
Buy above 5562 sl of 5542
targets 5581-5600(add positions, breakout on the upside),
5619-5638-5657-5676-5595.
Sell below 5524 sl of 5544
targets 5505-5486(add positions,breakout on the downside)
5467-5448-5429-5410-5391.
Happy Trading !!!
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