Nifty futures volatility coming down and moving in a range after opening with a gap up was the story of the day. The close is positive at 5964.30. The range is same for tomorrow as the levels given yesterday will work for tomorrow, The resistance of 5982 if crossed may take it to 6028 our monthly pivot. On the downside again 5936.50 is critical for recovery.Sustaining above the aqua line is the key for tomorrow. The levels on spot nifty to trade for Thursday are same as given below.
Spot Nifty Levels for Trading on Thursday :
No trade between 5920 and 5957(To avoid whipsaws)
Buy above 5957 sl of 5937
targets 5976-5995(add positions, breakout on the upside),
6013-6032-6051-6070-6089.
Sell below 5920 sl of 5940
targets 5901-5882(add positions,breakout on the downside)
-5863-5844-5825-5806-5787.
Happy Trading !!!
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