NIFTY FUT (5715)
Closing Base Support and Resistance
Nifty Support at 5700-5691-5672
Nifty Resistance at 5750-5785-5805
Nifty Support at 5700-5691-5672
Nifty Resistance at 5750-5785-5805
Today market will open up side with little gap up. Yesterday whole day we saw Govt. DRAMA. Still decision is pending and may Govt decide today its supports. Now market's key concern is Govt Stability. If Govt sustain and supported by other parties then Market may boom and bounce to near 5805-5833. If Govt. does not get support then market may panic upto 5666 to 5605 further.
We advise to all traders and investors remain neutral in market till Govt decision.Sit away and just watch the market. Today market will open upper side but very risky to cross 5805.
Yesterday we told Nifty, if brake 5730 then sell for the target of 5717-5701-5691. Our second target achieved, and Nifty day's low is 5701. . This is not magic, posits a power of charts and Technical Analysis.
Sell Nifty only below 5699 for the target of 5681-5666-5656 keep sl of 5713 on closing basis.
Buy nifty only above 5752 for the target of 5768-5784-5799 Keep sl of 5739 on closing basis.
(High Risk Taker only buy nifty with strict sl)
Since last Friday we told that if nifty breaks 5900 series and close below this level, then dont hold any long positions.
