Nifty opened positive and stayed up there for the day. It crossed the resistance level of 5936.50 and closed at 5941.85. The next level to watch is 5982 on futures and above it 6028 our monthly pivot. For tomorrow staying above 5936.50 will be positive for intraday trades. Use the levels given earlier for long trades. Intrday traders can look at the level on spot nifty given below to trade on Wednesday.
Spot Nifty Levels for Trading on Wednesday :
No trade between 5903 and 5942(To avoid whipsaws)
Buy above 5923 sl of 5903
targets 5961-5980(add positions, breakout on the upside),
5999-6018-6037-6056-6075.
Sell below 5903 sl of 5923
targets 5884-5865(add positions,breakout on the downside)
5846-5827-5808-5789-5770.
Happy Trading !!!
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