Nifty futures failed to cross 5992 level so no recovery yet on it. The level of 5910 to 5992 is sideways zone and we are moving in this zone for few days. Below 5910 we are open to more downside up to 5804. Today we hit another low of 5867.25 and closed the day at 5906. Nothing to add for trend players. Intraday traders can use the levels given below on spot nifty to trade on Tuesday.
Spot Nifty Levels for Trading on Tuesday :
No trade between 5859 and 5897(To avoid whipsaws)
Buy above 5897 sl of 5877
targets 5916-5935(add positions, breakout on the upside),
5954-5973-5992-6011-6030.
Sell below 5859 sl of 5879
targets 5840-5821(add positions,breakout on the downside)
5802-5783-5764-5745-5726.
Happy Trading !!!
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