Nifty futures opened the week in green but could not sustain and soon dipped in the red. We breached the intermediate support level of 5992 and nearly touched our support no 1 level of 5910 with the low of the day coming at 5925. For tomorrow sustaining above the level of 5910 is the key and sustaining above level of 5992 will see some recovery. Intraday traders can look at the levels on spot nifty given below to trade on Tuesday.
Spot Nifty Levels for Trading on Tuesday :
No trade between 5920 and 5959(To avoid whipsaws)
Buy above 5959 sl of 5939
targets 5978-5997(add positions, breakout on the upside),
6116-6135-6154-6173-6192.
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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