Nifty futures today were in green for the full day with small red start for the day. Futures hit a high of 6100 and closed at 6068.75. The close is above the level one resistance of 6063 and needs to sustain above this for further recovery. The intermediate resistance is at 6139 and close above this will be positive. Trend traders can use the levels given earlier. Intraday traders can look at the levels on spot nifty given below to trade on Tuesday.
Spot Nifty Levels for Trading on Monday :
No trade between 6064 and 6103(To avoid whipsaws)
Buy above 6103 sl of 6083
targets 6122-6141(1add positions, breakout on the upside),
6160-6179-6198-6217-6236.
Sell below 6064 sl of 6084
targets 6045-6026(add positions,breakout on the downside)
6007-5988-5967-5948-5929.
Happy Trading !!!
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