Nifty futures opened in green and stayed in green for the day with one breach below the yesterday's close line. Price action has moved in the channel again now we need to cross 5640 the intermediate level for futures. Sustaining above this level will be the key for further recovery. Intraday traders can look at the levels on the spot nifty given below to trade on Friday. It will an important close for the week for this trend.
Spot Nifty Levels for Trading on Friday :
No trade between 5575 and 5613(To avoid whipsaws)
Buy above 5613 sl of 5593
targets 5632-5651(add positions, breakout on the upside),
5670-5689-5708-5727-5746.
Sell below 5575 sl of 5595
targets 5556-5537(add positions,breakout on the downside)
5518-5499-5480-5461-5442.
Happy Trading !!!
Hi KBR,
ReplyDeleteI hope everything is fine, missing your post
Chetas