Nifty Futures Murray Maths Levels 02.05.2013
Nifty futures opened in green and made new high of 6024 and passed the resistance levels of 5975 and also closed above it. Yesterday the chart showed the MM level of 6016 and today it was taken out intraday but we closed below it. So for Friday staying above 6016 will be positive for intraday. Staying below 5975 will be negative for the day.The level one resistance for May series is at 6063 which is to be crossed for further positiveness.. Intraday traders can watch the levels on spot nifty given below to trade on Friday.
Spot Nifty Levels for Trading on Friday :
No trade between 5980 and 6019(To avoid whipsaws)
Buy above 6019 sl of 5999
targets 6038-6057(add positions, breakout on the upside),
6076-6095-6114-6133-6152.
Sell below 5980 sl of 6000
targets 5961-5942(add positions,breakout on the downside)
5923-5904-5885-5866-5847.
04
Happy Trading !!!
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