Intraday Tips: Nifty Futures for Sept. 14th

For intraday trading our tips is to go for long position in nifty future from the current levels for the target of 5850 with the intraday stop loss around 5710. 

Technical View:

Nifty witnessed the strong positive session today and also made the strong closing above 5750. Now the next resistance for nifty future seems close to the level of 5850. Decisive closing above this resistance may take up the nifty future for the level of 6000 in near run. In the downside 5600 to 5620 may be the short term support zone for nifty future. Closing below this support zone may slip it till the lower levels of 5540 to 5550 in near run.

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