NIFTY FUT (5994)
Closing Base Support and Resistance
Nifty Support at 5975-5950-5929
Nifty Support at 5975-5950-5929
Nifty Resistance at 6016-6045-6071
Today market will open flat. Indian Trade Deficit is widening, this is very major issue for the Indian Growth Story. Yesterday after announcement of Indian Trade Balance near 11 O'clock then Market start sliding down. Yesterday we saw huge profit booking and on fear of Indian Growth Story nifty broke 6000 level and closed at 5994. If today nifty close below 6000 then exit from your long positions and sit in side of market. Nifty is having major resistance at 6045. If nifty sustain above this level then only we can say their is a hope in market for new high. If nifty breaks its crucial support of 5975 and close below then we will see 5929 level very soon.. Due to result season Keep sl in every trade.
Yesterday we told Sell nifty below 6096 and our third target was at 6041. Which is achieved. You can also predict this way with the help of Technical Analysis. Very soon we are going to start Technical Analysis Course. Be in touch with us
Buy Nifty only above 6018 for the target of 6033-6049-6070 Keep closing base sl at 6003 (Risky Call)
Sell Nifty only below 5973 for the target of 5955-5938-5920 Keep closing base sl at 5987
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