Nifty made the flat closing of the high volatile session. today it was the overall range bound session and we had seen both side movement in the market. Now the key thing is that still nifty future is trading above the 5540 to 5550 zone which is the good short term support zone for nifty future. Decisive closing below this support may slip it till the lower levels of 5490 to 5500 in near run. In the upside the next technical resistance seems close to the level of 5700.
For intra day trading we recommend long position in nifty future from the current levels for the targets of 5650, 5700 with the intra day stop loss around 5540.
0 comments:
Post a Comment