NIFTY FUT (5572)
Closing Base Support and Resistance
Nifty Support at 5555-5530-5463-5427Nifty Resistance at 5580-5604-5626
Nifty Support at 5555-5530-5463-5427Nifty Resistance at 5580-5604-5626
Today market will open in little gap down. Today market will be again highly
volatile. Last Friday we saw that Nifty easily brake 5600 and slide down to 5552 level and closed at 5572. Bears are already take the charge from bulls. Today Nifty is having very crucial support at 5530 on closing basis. If nifty close below 5530 then nifty may touch 5499 to 5467 very quickly. Today dont take new short position in 1st hour of market opening. Nifty is having major resistance at 5604. Till 5604 we recommend to sell on every rise.
We told here if nifty close below 5604 the nifty will touch 5555 and see last Friday nifty touched 5552.80 and returned. You can also predict this. This is a power of Technical Analysis. It is a power of Charts.
Buy nifty only above 5582 for the target of 5599-5620 Keep sl of 5570 on closing basis.
Sell Nifty only below 5550 for the target of 5531-5512-5496-5477 keep sl of 5566 on closing basis.
