Nifty Spot Closed @ 5949
Supports @ 5850-5770-5690
Resistances @ 5980-6070-6180
Strong Above 5915 & Weak Below 5835 Spot Closing
Last Week, we mentioned Nifty has made double bottom @ 5750-5690, If Holds it will move towards 5930-70 and then 6050-90. Nifty Made high @ 5956. For Next Week, Nifty has Important resistance @ 6070 & Crucial Support @ 5870-30. As of now, this is pullback rally from Support 5690-5750 till 6070 with hurdle @ 5970. Until & Unless Nifty Spot Holds 5830 on closing basis, Its Buy on Decline for Upside 6070. Closing Above 6070 will break this range of 5700-6070 & will move towards 6180-6240+. Closing below 5830 will make bearish TGT. Hence, Time to Hold Longs with SL 5830
Spot Closing.
Medium Term Crucial Support @ 5535 & Resistance @ 6357 on Closing Basis.
Supports @ 5850-5770-5690
Resistances @ 5980-6070-6180
Strong Above 5915 & Weak Below 5835 Spot Closing
Last Week, we mentioned Nifty has made double bottom @ 5750-5690, If Holds it will move towards 5930-70 and then 6050-90. Nifty Made high @ 5956. For Next Week, Nifty has Important resistance @ 6070 & Crucial Support @ 5870-30. As of now, this is pullback rally from Support 5690-5750 till 6070 with hurdle @ 5970. Until & Unless Nifty Spot Holds 5830 on closing basis, Its Buy on Decline for Upside 6070. Closing Above 6070 will break this range of 5700-6070 & will move towards 6180-6240+. Closing below 5830 will make bearish TGT. Hence, Time to Hold Longs with SL 5830
Spot Closing.
Medium Term Crucial Support @ 5535 & Resistance @ 6357 on Closing Basis.
Nifty Tips:-
Buy ab0ve 5937 for max tgt of 6013 and Sell below 5907 for max tgt of 5827 madness prevails beyond max target.
Buy ab0ve 5937 for max tgt of 6013 and Sell below 5907 for max tgt of 5827 madness prevails beyond max target.
No comments:
Post a Comment