NIFTY FUT (5500)
Closing Base Support and Resistance
Nifty Support at 5455-5423-5392
Nifty Support at 5455-5423-5392
Nifty Resistance at 5555-5581-5604
Today market will open gap up. Yesterday we saw in the noon session nifty slide down by bears. Nifty broke the 5500 and closed at 5500. Now nifty is in the panic and if today close below 5500 then we will more blood on dalal street. Yesterday nifty drag down with lower volumes. Today till 5555 we advise to sell on rise. If nifty sustain above 5555 and close above this level then only we can think that bull are entering in the market.
Yesterday we told nifty sell below 5548 and see what happened. You can also predict this. This is a power of Technical Analysis. It is a power of Charts. (Very soon we are going to start Technical Analysis Course. Be in touch with us)
Sell Nifty only below 5497 for the target of 5482-5466-5454 keep sl of 5513 on closing basis.
