Nifty futures had a pause on the rise after making a new high at 6090. The close is lower than yesterday at 6059.10. Still this close is very near to our monthly resistance level no 1 of 6063. Now staying below this level will be sideways to corrective. RSI has turned flat with today's move. MACD is still up so no change here. MFI is still heading down. Intraday traders can use the levels on spot nifty given below to trade on Friday which will be an important weekly close.
Spot Nifty Levels for Trading on Friday :
No trade between 6031 and 6070(To avoid whipsaws)
Buy above 6070 sl of 6050
targets 6089-6108(add positions, breakout on the upside),
6127-6146-6165-6184-6203.
Sell below 6031 sl of 6051
targets 6012-5993(add positions,breakout on the downside)
5974-5955-5936-5917-5898.
Happy Trading !!!
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