NIFTY FUT (5766)
Closing Base Support and Resistance
Nifty Support at 5720-5700-5678
Nifty Support at 5720-5700-5678
Nifty Resistance at 5756-5777
Today market will open gap down. Today market will be highly volatile. Since last two days nifty is closing above 5710 level. Now if today nifty close above 5710 then its good sign for bulls. Yesterday nifty closed at 5766. where nifty resistance is at 5777. If nifty cross 5777 with volumes then take new long positions. But looking to global events keep sl strictly in every trade. Today dont recommend to take short sell position in 1 hour of market opening.
Yesterday we told nifty resistance at 5777 and nifty made high of 5773 and returned. This is a power of Technical Analysis. It is a power of Charts.
Buy nifty only above 5777 for the target of 5795-5811-5830 Keep sl of 5761 on closing basis.
Sell Nifty only below 5719 for the target of 5701-5688-5678 keep sl of 5733 on closing basis.
(High Risk Trade.)
