Nifty futures opened flat and made a new high of 6198 and closed the day at 6181. Momentum looks at peak with huge volatility. Price making new highs today all indicators moving up. MFI has turned up for the day and needs to be watched further for strength of trend. RSI ad MACD are flat and need to move for the trend. Use trend levels for tracking the trend. Intraday traders can use the level on spot nifty given below to trade on Friday.
Spot Nifty Levels for Trading on Friday :
No trade between 6150 and 6190(To avoid whipsaws)
Buy above 6190 sl of 6170
targets 6209-6228(add positions, breakout on the upside),
6247-6266-6285-6304-6323.
Sell below 6150 sl of 6170
targets 6131-6112(add positions,breakout on the downside)
6093-6074-6055-6036-6017.
Happy Trading !!!
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