NIFTY FUT (5918)
Closing Base Support and Resistance
Nifty Support at 5900-5880-5865
Nifty Support at 5900-5880-5865
Nifty Resistance at 5959-5967-5990
Today market will open gap up. Yesterday we saw bulls gave support till last session. In the last session bulls took Nifty to new high of 5934 and then due to some profit booking Nifty closed at 5918. Today we will see nifty may open above 5940. Nifty is having very good resistance at 5959. If Nifty sustain above 5959 and close above then we may see 6000 series very soon. Nifty is having major support at 5897. Keep in mind that RBI policy and Companies Results are main drive force for market. Today we will see very volatile session after noon session. Keep sl in every trade.
Yesterday we told that market will remain choppy till noon and see what happen till 1.00 pm nifty remained choppy with 15 points movements. Yesterday we gave nifty buy above 5905 and target of 5919-5932-5950 and nifty made high of 5934 means our second target achieved. (Very soon we are going to start Technical Analysis Course. Be in touch with us)
Buy Nifty only above 5942 for the target of 5959-5975-5990 Keep closing base sl at 5930
Sell Nifty only below 5912 for the target of 5897-5880-5867 Keep sl of 5929 on closing basis.
