Nifty futures made a lower low with lower high and closed at 5944.90. On charts we see that futures are struggling near the critical level. Closing above this level may see some recovery. Staying below 5910 will make it further weak. Trend traders can use the main levels given for the month. Intraday traders can use the levels on spot nifty given below to trade on Thursday.
Spot Nifty Levels for Trading on Thursday :
No trade between 5905 and 5943(To avoid whipsaws)
Buy above 5943 sl of 5923
targets 5962-5981(add positions, breakout on the upside),
6000-6019-6038-6054-6073.
Sell below 5905 sl of 5925
targets 5886-5867(add positions,breakout on the downside)
5848-5829-5810-5791-5772.
Happy Trading !!!
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