NIFTY FUT (5851.40)
Closing Base Support and Resistance
Nifty Support at 5830-5801-5766
Nifty Resistance at 5880-5900-5919
Nifty Support at 5830-5801-5766
Nifty Resistance at 5880-5900-5919
Today market will open flat. Today market may consolidate near previous closing prince. Today RBI will announce CREDIT Policy. RBI policy will drive the market further. If Nifty cross 5880 and sustain then
only nifty come in buy position. Today we advise to remain neutral in market till 12 noon. Avoid today's opening session trading. Market will remain highly volatile. Yesterday we told Nifty support at 5838 and nifty made low of 5834 and renturned. Also we told Nifty resistance at 5867. and nifty made new high of 5869. This is not magic, posits a power of charts and Technical Analysis.
only nifty come in buy position. Today we advise to remain neutral in market till 12 noon. Avoid today's opening session trading. Market will remain highly volatile. Yesterday we told Nifty support at 5838 and nifty made low of 5834 and renturned. Also we told Nifty resistance at 5867. and nifty made new high of 5869. This is not magic, posits a power of charts and Technical Analysis.
Buy Nifty only above 5882 for the target of 5899-5917-5932 keep closing base sl at 5868
(Trade after 12 noon is advisable)
Sell Nifty only below 5829 for the target of 5813-5801-5788 keep sl of 5829 on closing basis.
(Trade after 12 noon is advisable)
Since last Friday we told this Today if nifty breaks 5900 series and close below this level, then dont hold any long positions.
Today if nifty close below 5801 level then remain neutral in market.
Today if nifty close below 5801 level then remain neutral in market.
