NIFTY FUT (5766)
Closing Base Support and Resistance
Nifty Support at 5620-5604-5577
Nifty Support at 5620-5604-5577
Nifty Resistance at 5710-5737
Today market will open gap down. Today market will be again highly
volatile. Yesterday nifty closed below 5710. Nifty is stuck between 5600 to 5777. Since last three days nifty is highly volatile in this range. We advise to trade in intraday only. Dont take any positions to home between 5600 to 5777. Today dont recommend to take short sell. Market may bounce back after morning session. Nifty is having major support at 5604. IF nifty close below 5600 then nifty may touch 5555 to 5501 in coming days.
Since last two days we are telling 5777 is major resistance for nifty. See yesterday nifty made high of 5773 and returned to 5688. You can also predict this. 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 5638 for the target of 5620-5605-5578 keep sl of 5650 on closing basis.
(High Risk Trade.)
