NIFTY FUT (5751.90)
Closing Base Support and Resistance
Nifty Support at 5725-5716-5791-5673
Nifty Resistance at 5770-5806-5833
Nifty Support at 5725-5716-5791-5673
Nifty Resistance at 5770-5806-5833
Today market will open down side with little gap down. Yesterday we saw due to political uncertainty market slide down. RBI decrease the rates but it was discounted against the Govt. issue. Yesterday nifty broke very crucial support of 5805. Now nifty has to give close above 5805 continuous for two days. Then only think of buy nifty is advisable. In other words below 5805 sell on rise. Yesterday we told Nifty support at 5830 if brake then sell for the target of 5813-5801-5788. Our third target achieved. Nifty also hit our third support of 5766. This is not magic, posits a power of charts and Technical Analysis.
Sell Nifty only below 5730 for the target of 5717-5701-5691 keep sl of 5741 on closing basis.
Since last Friday we told this Today if nifty breaks 5900 series and close below this level, then dont hold any long positions.
