Nifty futures had a higher weekly close at 6194 with another high at 6209.20. We are near our second monthly resistance of 6216. This level should be watched carefully now. MACD is clearly making highs. RSI is near 68 levels and needs to move up for the trend. MFI is 60 levels and needs to show more strength. Trend traders can watch the trend levels given earlier. Intraday traders can look at the levels on spot nifty given below to trade on Monday.
Spot Nifty Levels for Trading on Monday :
No trade between 6168 and 6207(To avoid whipsaws)
Buy above 6207 sl of 6187
targets 6226-6245(add positions, breakout on the upside),
6264-6283-6302-6321-6340.
Sell below 6168 sl of 6188
targets 6149-6130(add positions,breakout on the downside)
6111-6092-6073-6054-6035.
Happy Trading !!!
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