NIFTY FUT (5563)
Closing Base Support and Resistance
Nifty Support at 5499-5455
Nifty Support at 5499-5455
Nifty Resistance at 5608-5626-5666
Today market will open gap up. Yesterday we saw very high volatility in the market. Nifty in morning session made new high then made new low at 5480 and from there bulls took the charge and market bounce to again on new high and closed at 5563. Today again market is going to open in gap up but not looks reliable. Today market may again show roller coaster drive. So keep strict sl in every trade. If nifty close above 5608 for two days then only think that now bottom is done. Nifty major support at 5499 and resistance at 5608 on closing basis.
Yesterday we told nifty sell below 5497 and see what happened first tgt of 5482 achieved and nifty made days low at 5480 and returned. 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)
Buy Nifty only above 5591 for the target of 5610-5626-5647 SL 5576 on closing basis
Sell Nif ty only below 5528 for the target of 5511-5490-5479 keep sl of 5539 on closing basis.
