Nifty broke the crucial resistance of 5500 today and after that it made strong closing as well.
The next resistance in it seems to be at the level of 5535. Closing above this resistance may take up it till the levels of 5600 to 5610 in near run. As we recommended to buy on dips in nifty future until it close below 5350 for the targets of 5450, 5500, 5550. Today market achieved the second target also.
Now one may hold the long in nifty future until it close below 5440 for the target of 5600. Those who want to initiate new longs they may do above 5335 for the target of 5600 with stop loss around 5495.
The next resistance in it seems to be at the level of 5535. Closing above this resistance may take up it till the levels of 5600 to 5610 in near run. As we recommended to buy on dips in nifty future until it close below 5350 for the targets of 5450, 5500, 5550. Today market achieved the second target also.
Now one may hold the long in nifty future until it close below 5440 for the target of 5600. Those who want to initiate new longs they may do above 5335 for the target of 5600 with stop loss around 5495.
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