Nifty future has kept the run on for this swing and made a new high on Saturday at 6129.90 to close at 6129. The intermediate resistance is at 6139 and above this we have 6216. Indicators are rising except MFI. Intraday traders can use the levels on spot nifty to trade on Monday.
Spot Nifty Levels for Trading on Friday :
No trade between 6088 and 6127(To avoid whipsaws)
Buy above 6127 sl of 6107
targets 6146-6165(add positions, breakout on the upside),
6184-6203-6222-6241-6260.
Sell below 6088 sl of 6108
targets 6069-6050(add positions,breakout on the downside)
6031-6012-5993-5974-5955.
Happy Trading !!!
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